MADRID: Spanish oil firm Repsol said Tuesday it has agreed to buy its struggling Canadian rival Talisman for $8.3 billion (6.6 billion euros), a deal that extends its global reach two years after it w
LONDON: The Bank of England gave Britain's state-backed lenders a narrow pass in its debut annual stress tests on Tuesday, but warned that next year banks would face tougher checks of their capital st
WASHINGTON: The White House on Tuesday said its policies have paid off with the US growing faster than other advanced economies, but added that many Americans still struggle with low wages.
OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates'
DUBAI: Most Middle East stock markets became more stable on Monday, after plunging in previous days, as the price of oil recovered slightly.
The Saudi budget would be around SR800 billion in 2015 if the price of oil ranges between $50 to $60 per barrel, said several experts recently.
DUBAI: Abu Dhabi's Aldar Properties will cut its debts by more than a third over the next two years, its chief financial officer said on Monday, extending a trend that has already led to credit agenci
DUBAI/LONDON: Dana Gas, one of the largest investors in Iraq's Kurdistan, said on Monday the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, promptin
KIEV: US energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday.
LONDON: The most important characteristic of the US oil industry is inertia — or to put it another way, drilling and production respond sluggishly even to a large change in prices.
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