This is Beirut, 05/11 10:05 - Reading : 3 minute(s)
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 "was mainly due to the impact of lower crude oil prices and weakening refining margins", the firm said in a statement posted to the Saudi stock ...
This is Beirut, 22/10 17:46 - Reading : 2 minute(s)
Middle East Tehran United Nations Oil
Oil prices have surged amid renewed concerns over a potential Israeli retaliation against Iran following Tehran’s missile attack on Israel on October 1. Brent North Sea crude for December delivery rose by 1.68%, reaching $74.29 a barrel, while US West Texas Intermediate (WTI) for November delivery increased by 1.94%, settling at $70.56 a ...
15/10 22:04 - Reading : 2 minute(s)
Oil prices continued their downward trend on Tuesday, falling by more than 3%, after The Washington Post reported that Israeli Prime Minister Benjamin Netanyahu had assured US President Joe Biden in a phone conversation that he planned to strike the Iranian military, not oil or nuclear infrastructure, in retaliation for the Iranian strikes on ...