Category

The finance ministry said in a statement that revenues in 2015 were estimated at 608 billion riyals ($162 billion), the lowest since 2009 when oil prices dived as a result of the global financial crisis.

Iran yesterday denied United States accusations of launching a provocative rocket test last week near Western warships in the Strait of Hormuz, dismissing the claim as “psychological warfare” against the Islamic Republic.

Saudi Arabia is to consider major changes to its high spending, low tax regime after the plunge in world oil prices saw it post a record budget deficit of $98bn (£66bn).

For more information on how to check out the ship yourself, go to the Port of Oakland’s website.

European stock markets are up, helped by gains in the banking sector, although weaker mining share prices have curbed the progress of the British market.

The 1 Billionth Uber ride belongs to Marvin and Ara who took at £5 London uberX ride together on Christmas Eve from London Fields, Hackney to Hoxton in Ara’s blue Honda Insight Hybrid. “Marvin, Ara – thank you for being part of this special moment”. In...

The group led by his onetime mentor former Florida Gov. Jeb Bush, Sen. Marco Rubio Tuesday in an effort to scuff up a leading establishment figure.

The Dow Jones industrial average ended down 0.14 per cent at 17,528.47 and the S&P 500 lost 0.22 per cent to 2,056.51.

Brent was down $1.21, or 3.2 percent, at $36.58 a barrel.

“The oil prices in the next year (2016) will fluctuate between $35 to $50, so Iran is not anxious about a fall of its oil income”, Mehdi Asali was quoted as saying by the oil ministry’s news agency, SHANA on Wednesday.

Oil giant BP said all 235 people working on eight platforms in the Valhall oilfield were being moved to nearby facilities as a precautionary measure on Thursday.

A spokesman for the oil and gas group told Norwegian broadcaster NRK that workers on the platform could see the barge drifting towards the site, despite the rough weather and poor visibility.

NBC News first reported news of the rocket tests, citing two military officials. U.S. Central Command spokesman Cmdr.

U. S. West Texas Intermediate crude futures for January delivery were trading at $37.18 per barrel, that’s 69 cents or 1.82 percent down compared to their last settlement. Crude oil is trading at 36.60 in the red this morning compounding Wednesday’s declines.

The Coastal Commission, which oversees development along California’s coast, voted in October to add the no-breeding condition after hours of testimony by critics of SeaWorld, who called on the park to free the whales.