Andrey Kryuchenkov | Al Bawaba

Andrey Kryuchenkov latest

The discount of US crude to Brent narrowed on Wednesday to its smallest since mid-October as traders expected the startup of a pipeline from Cushing to refineries on the US.

February 5th, 2014 - 02:07 GMT

American cold season brings global oil prices up to $106

Other analysts saw little to push Brent much higher due to higher output in Libya and the North Sea.

Al Bawaba

December 5th, 2013 - 03:55 GMT

Mission (im)possible? Libya aiming to restore oil output in two weeks

Brent crude oil rose toward $110 per barrel Tuesday after oil exports from Libya fell to their lowest for two years, heightening supply worries ahead of scheduled cuts in output from fellow OPEC member Iraq.

August 14th, 2013 - 08:23 GMT

Shortages in Libyan and Iraqi oil production raise world prices

A bomb in Tel Aviv has sent oil prices up again

November 21st, 2012 - 01:25 GMT

Tel Aviv bus bomb causes oil price hike

The natural buyers of today are emerging-market central banks, and over and above that, it's going to be further investment demand

August 23rd, 2012 - 05:30 GMT

Emerging markets go for gold to protect against weak currencies