1 hour ago The average price for a gallon of gasoline did not change from levels reached about two weeks ago, capping the end of a five-week rise in gas prices, according to an industry analyst. The volcanic eruption in Iceland sent crude oil prices tumbling as global travel to and from Europe was halted
1 hour ago House prices in England and Wales rose by an annual 1.8 percent in April, their fastest pace of increase since January 2008, property data company Hometrack said on Monday. But monthly house price growth slowed to 0.2 percent in April from 0.3 percent in March on a non-seasonally adjusted basis
1 hour ago Iktissad Wal-Aamal Group and The Ministry of Trade and Industry in cooperation with the Capital Market Authority and the Oman Chamber of Commerce and Industry. The Forum will focus on all aspects of Oman''s economic vision and the topics up for discussion include the government''s five-year
1 hour ago For a month, oil has traded over the $70 to $80 level that many in OPEC have pegged as fair. But there was room for more upside before the producer group would respond, Sheikh Ahmad Al-Abdullah Al-Sabah told Reuters in an interview at a media event. "If it''s susta ined above $100 that would
4 hours ago Supplies will be increased till two billion cubic metres. These are stable and reliable supplies that will play a good role for stepping up energy security of Europe,” the Russian premier said
4 hours ago Iraq has plans to expand its oil exporting facilities in anticipation of the rise in output. The plan for a pipeline from Iraq’s southern city of Basra to Iran’s Abadan refinery is not new, as both Opec members signed an initial agreement in 2005. But the agreement has been on hold since then
4 hours ago Russia’s natural resources minister admitted this week that shale gas could undercut his country’s premier position. We have a problem with shale gas. This is not only my position but also that of Gazprom’s management,” Yuri Trutnev said. It “raises the perspective of a change to the structure of
4 hours ago For a month, oil has traded over the $70 to $80 level that many in Opec have pegged as fair. But there was room for more upside before the producer group would respond, Sheikh Ahmad Al Abdullah Al Sabah said in an interview at a media event. “If it’s sustained above $100 that would damage the
4 hours ago For Tourre, the investments were like an invention gone awry: He had started arranging them when the market was on the upswing. But he continued selling them after the market turned — now with Goldman betting against them, in one case allegedly misleading investors about a deal’s origin. Goldman
4 hours ago That works to Continental’s advantage. The sense of urgency has been lifted from Continental’s perspective,” Stifel Nicolaus analyst Hunter Keay said. “They clearly have more leverage than they did (earlier).” Continental and United restarted merger talks last week, just a week after news broke of