Recent Posts

Dubai outperforms Gulf in broad rally

  DUBAI / Reuters Dubai’s stock market rose in a broad-based rally on Tuesday while other Gulf bourses were sluggish, with Saudi Arabian banks trading mixed after first-quarter earnings announcements. The Dubai index rose 0.9 percent to 3,496 points, rebounding from near technical support on its March low of 3,435 points. Nine of the 10 most heavily traded stocks gained ...

Read More »

BP kills Alaska well after capping oil, gas leaks

  Bloomberg A BP Plc well on Alaska’s North Slope is no longer leaking crude oil or natural gas, a spokeswoman said. Environmentalists, describing the well as “out of control,” called on the state to investigate. The crude spray was discovered on Friday morning, and capped early on Sunday. A second leak that was emitting gas at a reduced rate ...

Read More »

Oil loses momentum after weekly rally

  Bloomberg Oil is losing momentum after the longest weekly rally in two months, with confidence that US crude stockpiles are beginning to shrink damped by concern that American drilling activity is increasing. Futures were little changed in New York after falling 1 percent Monday, following its third weekly advance. While data on Wednesday may show US inventories probably shrank ...

Read More »
Send this to a friend