Oil has burst above top exporter Saudi Arabia's preferred $70-$80 range and yet OPEC is unlikely to stop the rally, helping to prepare the way for the market to bound above $100 a barrel.
At meetings this month — a full conference of the Organization of the Petroleum Exporting Countries in Quito and talks among Arab oil ministers in Cairo — oil producers stood by OPEC's two-year-old set of output curbs.
Even prices of $100 — not far above a 26-month high of $91.88 hit this week — n...More
World stocks climbed to their highest levels in more than 27 months on Wednesday as investors seized on indications of stronger growth in 2011.
US Treasuries steadied after dismal demand at an auction of five-year debt on Tuesday sent yields higher, boosting their relative value for some investors. The dollar fell against a basket of major curre
Business & Finance Club - Cairo : Egypt’s Industry and Trade Minister Rachid Mohamed Rachid said that the rate of industrial growth in Egypt reached 5.5% this year
Business & Finance Club - Bahrain (Manama) - Bahraini Minister of Industry and Commerce Dr. Hassan Abdullah Fakhro received the Finance Minister of the German
Business & Finance Club - New York : Children's clothing maker Gymboree Corp (GYMB.O) is selling itself to buyout firm Bain Capital Partners for $1.8 billion, it said on Monday, as
Business & Finance Club - Australia : Shares in Conquest Mining Ltd have been placed in a trading halt pending news of an expected capital raising of as
Business & Finance Club - DHAHRAN: A leading oil and gas expert feels that investment in renewables or alternate sources of energy is essential from a long-term energy security perspective.
