european stocks fall oil spikes on saudi tensions

European stocks fall, oil spikes on Saudi tensions

LONDON: Europe's stock markets retreated on Tuesday (Nov 7) on worries over simmering Middle East tensions, which are centred on Saudi Arabia and have catapulted oil prices to two-year peaks.
gains by oil linked shares boost wall street

Gains by oil-linked shares boost Wall Street

NEW YORK: Wall Street stocks bounced back on Wednesday (Sep 6) as petroleum-linked shares surged on higher oil prices due to the resumption of normal operations at some Gulf Coast refineries.
dollar and equities back in fashion

Dollar and equities back in fashion

LONDON: The dollar held onto its gains and stocks climbed on Thursday (Aug 31) as strong concern over North Korea's missile test faded, while oil prices shot higher.
chevron ceo watson to step down

Chevron CEO Watson to step down

NEW YORK: Chevron chief executive John Watson plans to step down as the petroleum industry prepares for a period of lower oil prices, the Wall Street Journal reported on Tuesday (Aug 22).
oil producers committed to output cut deal opec

Oil producers committed to output cut deal: OPEC

ABU DHABI: Global oil producers said on Tuesday (Aug 8) they remained committed to cutting output and stemming the collapse in oil prices, OPEC said.
petrolimex loses coin toss on excess stock

Petrolimex loses coin-toss on excess stock

Large amounts of excess stock and low oil prices caused Vietnam National Petroleum Group (Petrolimex, HOSE: PLX), the number one petroleum distributor in Vietnam, to see lower profit in the second quarter of 2017 compared to the same period last year.
petrovietnam sees increased profit after three year decline

PetroVietnam sees increased profit after three-year decline

Increasing crude oil prices helped PetroVietnam exceed its revenue and profit targets by 15 per cent in the first half of 2017.
low crude prices pull markets down

Low crude prices pull markets down

Shares fell further in the two local markets on Thursday morning as investor confidence remained low following a sharp drop in crude oil prices.
oil price increases help pull vn index up

Oil price increases help pull VN Index up

Viet Nam’s benchmark VN Index closed up on Friday, boosted by the energy sector on positive movement of oil prices.
asia markets down as energy firms hit by oil rout dollar rises

Asia markets down as energy firms hit by oil rout, dollar rises

HONG KONG: Energy firms led a broad sell-off in Asian markets on Thursday (May 9) following a five per cent plunge in oil prices, but the dollar held on to gains after a surprisingly strong US jobs report.
oil prices slide below us 50

Oil prices slide below US$50

LONDON: Oil prices took a battering on Thursday (Mar 9), with US prices falling below US$50 for the first time this year, on signs a global supply glut is not going away.
local markets slip on sliding oil prices

Local markets slip on sliding oil prices

Stocks fell on local exchanges on Tuesday morning as oil prices dropped during Monday’s overnight trading and pulled down the energy sector, while other shares were hit by strong selling.
shares mixed energy stocks upbeat on oil prices

Shares mixed, energy stocks upbeat on oil prices

Vietnamese shares were mixed on the two local markets on Monday morning, with moderate market trading liquidity.
oil rebound pulls equities in its wake

Oil rebound pulls equities in its wake

LONDON: Oil prices held equity markets in their sway on Wednesday (Feb 8), with stocks perking up as prices for crude rebounded despite data showing abundant US production.
oil dependent us states sliding into recession sp

Oil-dependent US states sliding into recession: S&P

WASHINGTON: Crashing oil prices in recent years have helped send crude-producing US states into recession, and they are unlikely to recover significantly even if prices recover, Standard & Poor's said on Tuesday (Jan 24).