By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow eco[...]
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Middle East
Oil near flat as tighter supplies offset U.S. rate hike risk
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent e[...]
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Exclusive: OPEC upbeat over 2024 oil demand outlook despite slowdown
By Alex Lawler and Dmitry Zhdannikov VIENNA (Reuters) – OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicti[...]
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Bank of Israel seen pausing next week, unclear if rate hike cycle over: Reuters poll
By Steven Scheer JERUSALEM (Reuters) – Israel’s central bank is expected to leave short-term interest rates unchanged next week after an aggressive tightening round aimed at battling persi[...]
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EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high intere[...]
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UAE attracts record $23 billion in foreign investment in 2022 – UN report
DUBAI (Reuters) – Foreign direct investment (FDI) flows into the United Arab Emirates rose 10% in 2022 from the previous year to a record $23 billion, the United Nations trade body said in a rep[...]
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Saudi Arabia says new oil cuts show teamwork with Russia is strong
By Ahmad Ghaddar, Alex Lawler and Shadia Nasralla VIENNA (Reuters) – Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do “whatever necessary[...]
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Oil prices rise 2% as market weighs supply cuts against economic outlook
By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. Saudi Arabia[...]
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Oil settles lower as economic jitters outweigh supply cuts
By Laura Sanicola (Reuters) -Oil prices settled down 1% on Monday as worries about a slowing global economy and possible U.S. interest-rate hikes outweighed supply cuts announced for August by top exp[...]
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