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Prices of crude have collapsed by close to 62 percent since the November high of close to $105 last November which is being seen as a huge negative for oil producing countries in the Middle East.

The claim was backed up by an independent news site, Aden al-Ghad, which blamed al Qaeda-linked insurgents for Saturday’s explosion.

High-ranking officials in Yemen’s port city of Aden say al-Qaida militants have taken control of key areas of the city.

Taiz, Yemen’s third-largest city, has become the latest battleground in an increasingly deadly and complicated conflict. The well-known activists, who campaign for more autonomy for the south, said al-Qaida and other sleeper cells were buying and storing weapons from that market.

“The scale of human suffering is nearly incomprehensible”.

The renewed drop in oil prices has sent energy stocks skidding, weighing on global market indexes, and unnerved investors. Puts give the holder the right, but not the obligation, to sell NYMEX crude futures at a predetermined strike price.

All participants in the Yemen conflict have “left a bloody trail of death and destruction” across the southern cities of Ta’iz and Aden and may have committed war crimes, Amnesty global said Tuesday.

At the RBI’s monetary policy review last earlier this month, Governor Raghuram Rajan said the fall in oil prices has been very beneficial for the country. In a future column, I’ll discuss the effects of the decline on the U.S. Federal Reserve’s timetable for...

“It made no sense to me that crude oil hung around $60 per barrel a few weeks earlier this year“.

US crude oil fell towards $40 a barrel on Thursday after overnight data surprised analysts with a jump in US oil inventories.

A bomb destroyed the secret police headquarters in Aden on Saturday, residents of the southern Yemen city said, in an attack that one official blamed on Al-Qaeda.

Washington said the strikes seemingly targeted Huthi rebels but also reportedly killed dock workers and damaged infrastructure.

Several bombs exploded outside a building used by the intelligence services in Yemen’s southern port city of Aden on Saturday, causing fires to break out but no casualties, a local official said.

The killing of civilians by Saudi Arabia-led coalition airstrikes and attacks by pro and anti-Huthi armed groups in Ta’iz and Aden in Yemen could amount to war crimes, Amnesty worldwide has revealed in a new briefing published Tuesday.

The air raids came as the Shiite rebels, mostly stationing on the entrances of Taiz, intensively shelled several neighborhoods in the city, apparently targeting their Saudi-backed foes loyal to exiled President Abd-Rabbu Mansour Hadi.