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January 28, 2022

MEAST

Oil rises, headed for sixth weekly gain, amid supply concerns

Reuters
by Reuters00
Towers and smokestacks are silhouetted at an oil refinery in Melbourne June 21, 2010. REUTERS/Mick Tsikas/File Photo Register now for FREE unlimited access to Reuters.com Register Brent, WTI headed toward 7-year-highs hit Thursday Both benchmarks gain 15% so far this year Russia, U.S. keep door open to Ukraine diplomacy China’s......
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Dubai regulator fines Abraaj founder Naqvi $136 million

Reuters
by Reuters00
Arif Naqvi, founder and Group CEO, Abraaj Capital, and Co-Chair of the Governors Meeting for Investors 2010 attends a session at the World Economic Forum (WEF) in Davos January 27, 2010. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register DUBAI, Jan 27 (Reuters) – Dubai’s financial regulator......
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Oil slips as investors lock in profits ahead of Fed update

Reuters
by Reuters00
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo Register now for FREE unlimited access to Reuters.com Register API data shows U.S. crude stocks fall – market sources Investors await Wednesday’s Fed......
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Thousands stranded as snow disrupts transport in Turkey, Greece

Reuters
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Flights resume slowly in Istanbul Thousands evacuated from Athens motorway Snow on Antalya beaches for first time in 29 years ISTANBUL/ATHENS, Jan 25 (Reuters) – Some Istanbul Airport flights resumed on Tuesday after nearly 24 hours of cancellations as heavy snowfall clogged roads and stranded thousands of people across Turkey......
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Oil falls 2% as Fed rate hike talk spooks risk markets

Reuters
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A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register Barclays raises 2022 oil price view by $5 a......
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Lebanese cabinet meets after hiatus, amid friction over budget

Reuters
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Lebanon’s newly appointed Finance Minister Youssef Khalil looks on during a handover ceremony in Beirut, Lebanon September 14, 2021. REUTERS/Mohamed Azakir Register now for FREE unlimited access to Reuters.com Register Cabinet sessions blocked by dispute over Beirut port blast probe Lebanon due to begin online talks with IMF on Monday......
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Turkish lira firms as minister sees limited inflation

Reuters
by Reuters00
Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/Illustration Register now for FREE unlimited access to Reuters.com Register ISTANBUL, Jan 24 (Reuters) – The lira was firmer on Monday after Turkey’s finance minister was cited as saying inflation may rise to some......
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Yemenis struggle without internet for third day after air strikes

Reuters
by Reuters00
SANAA, Jan 23 (Reuters) – Most of Yemen faced a third day without internet on Sunday after air strikes on the Red Sea city of Hodeidah, the main landing point for the country’s undersea web connection, damaged its telecoms infrastructure. In the capital Sanaa, Majid Abdullah said he was unable......
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Belgian Pieters holds nerve to secure victory in Abu Dhabi

Reuters
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Golf – European Tour – BMW PGA Championship – Wentworth Golf Club, Virginia Water, Britain – September 10, 2021 Belgium’s Thomas Pieters reacts during the second round Action Images via Reuters/Paul Childs Register now for FREE unlimited access to Reuters.com Register Jan 23 (Reuters) – Thomas Pieters sealed his sixth......
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Thai PM to visit Saudi Arabia as diplomatic relations thaw

Reuters
by Reuters00
Thailand’s Prime Minister Prayuth Chan-ocha attends a family photo session with new cabinet ministers (not pictured) at the Government House in Bangkok, Thailand, March 30, 2021. REUTERS/Athit Perawongmetha/File Photo Register now for FREE unlimited access to Reuters.com Register RIYADH, Jan 23 (Reuters) – Thailand’s prime minister will visit Saudi Arabia......
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Saudi digital security firm Elm seeks to raise up to $820 mln at IPO

Reuters
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DUBAI, Jan 23 (Reuters) – Saudi Arabia’s digital security firm Elm said on Sunday it has set an indicative price range for its initial public offering, aiming to raise as much as 3 billion riyals ($820 million). Elm, owned by the kingdom’s sovereign wealth fund, said in a statement it......
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Pfizer CEO sees annual COVID vaccine rather than frequent boosters

Reuters
by Reuters00
JERUSALEM, Jan 22 (Reuters) – Pfizer Inc (PFE.N) Chief Executive Albert Bourla said on Saturday that an annual COVID-19 vaccine would be preferable to more frequent booster shots in fighting the coronavirus pandemic. Pfizer/BioNtech’s (22UAy.DE) COVID-19 vaccine has shown to be effective against severe disease and death caused by the......
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U.N. chief condemns deadly Saudi-led coalition strike in Yemen

Reuters
by Reuters00
SAADA/NEW YORK, Yemen, Jan 21 (Reuters) – United Nations Secretary-General Antonio Guterres condemned air strikes by a Saudi-led coalition in Yemen on Friday that reportedly killed at least 60 people in a detention center in the Houthi-held Saada province. A Reuters witness said several people, including African migrants, died in......
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Analysis: A handbook of (mostly failed) radical inflation-fighting efforts

Reuters
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LONDON/NEW YORK, Jan 21 (Reuters) – More governments are seeking ways to prevent surging inflation whipping up economic trouble – and even public unrest – without raising interest rates. But as the examples below show, past attempts to rein in soaring prices without hiking borrowing costs have often ended badly.......
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Crude prices edge lower, though supply concerns still dominant

Reuters
by Reuters00
The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann/File Photo Register now for FREE unlimited access to Reuters.com Register Demand outpacing supply, bolstering rally OPEC+ well short of targeted increases – IEA U.S. crude oil and gasoline stocks rose last week –......
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Turkish cenbank halts rate cuts after currency crisis

Reuters
by Reuters00
ISTANBUL, Jan 20 (Reuters) – Turkey’s central bank held its policy rate steady at 14% on Thursday as expected, halting an unorthodox and aggressive easing cycle that had sparked a currency crisis and sent inflation soaring to a 19-year high late last year. The bank said it would monitor the......
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Biden says administration mulling re-designating Yemen’s Houthis a terrorist group

Reuters
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A Shi’ite Houthi fighter sits behind sandbags near a checkpoint in Sanaa December 17, 2014. REUTERS/Mohamed al-Sayaghi/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 19 (Reuters) – U.S. President Joe Biden said on Wednesday his administration is considering re-designating Yemen’s Houthi movement as an international......
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China reports first official Iranian oil imports since Dec 2020

Reuters
by Reuters00
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 20 (Reuters) – China reported the first imports of Iranian crude oil in a year despite ongoing sanctions......
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Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Reuters
by Reuters00
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo Register now for FREE unlimited access to Reuters.com Register Brent, WTI rise by more than $1 on Wednesday Iraq-Turkey pipeline outage adds to supply concerns......
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Oil hit 7-year highs as tight supply bites

Reuters
by Reuters00
Benchmarks jump to highest since October 2014 Middle East, Russia tensions add to supply concerns Some OPEC+ sources say $100/bbl oil is possible Goldman expects crude inventories to drop to lowest since 2000 NEW YORK, Jan 18 (Reuters) – Oil prices on Tuesday climbed to their highest since 2014 as......
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