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You are apple of my eye, remarry after my death, says bin Laden in letter to wife

May 21, 2015 at 15:40 | Source: FirstPost

WASHINGTON: If President Barack Obama or his predecessor thought fighting a war with coalition partners was hard, they might consider Osama bin Laden's frustrations. Among documents gathered from his compound in Pakistan after US Navy SEALs stormed t...

Asian refiners forced to get creative to stay competitive| Reuters

May 21, 2015 at 02:30 | Source: FirstPost

KUALA LUMPUR Faced with competition from mammoth new refineries in the Middle East and soft fuel demand in key markets, Asian refiners are trying a variety of tactics to cope from investing in refineries in emerging markets to using cheaper energy so...

Indian Oil returns to seek jet fuel, kerosene

May 20, 2015 at 16:21 | Source: FirstPost

Singapore: Indian Oil Corp. (IOC) is seeking a total of 15,500 tonnes of jet fuel and superior kerosene for 15-17 June arrival at Chennai and Vasco in Goa, likely the third time this year the state-owned refiner is looking to import middle distillate...

Oil slides more than 3 percent on dollar rally, glut worry| Reuters

May 20, 2015 at 03:30 | Source: FirstPost

NEW YORK Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed....

Oil down over 3 percent on dollar rally, ample supply worry| Reuters

May 20, 2015 at 01:15 | Source: FirstPost

NEW YORK Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.N...

Oil down 3 percent on dollar rally, ample supply worry| Reuters

May 19, 2015 at 23:15 | Source: FirstPost

NEW YORK Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.North Sea B...

Brent up, U.S. crude down as oil rally comes into question| Reuters

May 16, 2015 at 01:30 | Source: FirstPost

NEW YORK Brent rebounded from Friday's early weakness while U.S. crude held to losses as traders and investors debated whether oil's rally over the past month and a half should continue amid stubbornly high supplies.Futures of North Sea Brent have ra...

Oil down after early rally on U.S. crude draw; stockpiles still hefty| Reuters

May 14, 2015 at 01:30 | Source: FirstPost

NEW YORK Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude.Government data showed U.S. oil inventories fell 2.2 million barrels in the week...

Nigerias Boko Haram in disarray as government forces advance| Reuters

May 05, 2015 at 00:46 | Source: FirstPost

MALKOHI, Nigeria (Reuters) - Boko Haram is fracturing as shortages of weapons and fuel foment tensions between its foot soldiers and leaders, women rescued from the Islamist jihadi fighters by Nigerian troops told Reuters.The group abducted an estima...

Oil off 2015 highs on record Iraq exports, strong dollar| Reuters

May 02, 2015 at 03:15 | Source: FirstPost

NEW YORK (Reuters) - Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar.Both Brent and U.S. crude settled well above intraday lows, supported by data showing a...

U.S. economy stumbles in first quarter as weather, low energy prices weigh| Reuters

Apr 30, 2015 at 01:45 | Source: FirstPost

WASHINGTON (Reuters) - U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.Gross domestic product expanded at an only 0.2 percent annual...

Refining helps BP and Total weather oil price storm| Reuters

Apr 29, 2015 at 03:30 | Source: FirstPost

LONDON/PARIS (Reuters) - BP and Total reported higher than expected profits on Tuesday thanks to steep increases in profits from refining, showing the resilience of global oil firms in the face of slumping oil prices.Large oil companies have closed d...

India starts up 300,000 bpd Paradip refinery - sources| Reuters

Apr 26, 2015 at 22:15 | Source: FirstPost

NEW DELHI (Reuters) - Indian Oil Corp (IOC.NS), the country's biggest refiner, on Sunday began crude processing at its 300,000 barrel per day (bpd) Paradip refinery and aims to fully commission the plant in six months, two company sources said, poten...

Oil at 2015 high on Saudi-led bombing blitz of Yemen

Apr 24, 2015 at 08:15 | Source: FirstPost

Crude oil prices settled up 3 per cent, hitting 2015 highs, while US gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.Oil buye...

Global shares fall on China margin crackdown, dollar falls| Reuters

Apr 18, 2015 at 03:15 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated after rising U.S. consumer prices failed to ease concerns that the Federal Reserve might delay plans to rais...

Global shares fall on China margin crackdown, dollar eases| Reuters

Apr 18, 2015 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated even as U.S. consumer price data added to the view the Federal Reserve will raise interest rates this year.C...

Global shares fall on China margin crackdown, dollar gains| Reuters

Apr 18, 2015 at 00:45 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday as a crackdown on margin lending in China sent ripples around the world, while the dollar gained on rising U.S. consumer price data that should keep the Federal Reserve on track to raise inter...

Wall St Week Ahead - Investors eye data as stocks approach records

Mar 22, 2015 at 19:15 | Source: FirstPost

REUTERS - Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue.Concern abo...

China gold demand to grow over 5 years, but at slower pace -Barclays

Mar 21, 2015 at 00:30 | Source: FirstPost

SINGAPORE (Reuters) - China's share of the global gold market will expand in the next five years as it will be one of the few countries witnessing demand growth, but at a slower pace, Barclays analysts said.Demand from the world's No.2 gold consumer ...

Oil up 5 percent as dollar falls on worry of slow U.S. rate hike

Mar 19, 2015 at 01:48 | Source: FirstPost

NEW YORK (Reuters) - Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates despite being open to the first rate hike in almost a ...

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