World News by Wild Rose

SLB, the world’s biggest oil field services provider, said it has seen a gradual recovery in its Middle East business despite disruptions from the Iran war.

Brent oil traded at the highest level since May on Friday. Iran-backed Houthi militants claimed recent attacks on the Saudi Red Sea port of Yanbu, as well as deadly strikes on an oil field and airport in the kingdom. The flareup threatens to widen hostilities around the Strait of Hormuz, where crude exports have recovered to near prewar levels. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)

The IMF has downgraded its growth projections for the Middle East and Central Asia this year due to the US Iran conflict. GCC countries are now expected to face negative overall growth in 2026, with Oman the only exception. Jihad Azour, IMF’s Director for Middle East & Central Asia Department spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on their regional outlook. (Source: Bloomberg)

Shares of oil and gas companies are rallying this year, powered by windfall profit growth as the war in the Middle East pushes crude prices higher. Yet, their momentum has Wall Street traders expecting a pullback.

Francisco Blanch, Bank of America Commodities and Derivates Research Global Head, discusses energy markets and the volatile context around oil inventories as conflicts in the Middle East and Russia's invasion of Ukraine continue. "We've been living a little bit on borrowed time," Blanch tells Bloomberg Television. He adds crude oil could face a crunch point in "maybe four, five months." (Source: Bloomberg)

Oil rose following a deadly attack on a Saudi oil field, raising concerns that escalating hostilities in the Middle East could hit supply even as exports through the Strait of Hormuz have accelerated in recent months.

Treasuries fell after reports suggesting the Middle East war is heating up lifted oil prices.

Indian Oil Corp. plans to reduce the amount of crude purchased under term contracts with Middle Eastern producers next year, according to a person familiar with the matter, as attacks in the Persian Gulf continue to threaten supply routes.

A key benchmark for Middle East crude fell to its lowest in nearly three months, an indication of the resilience of the region’s exports despite intensifying Iranian attacks on shipping.

President Macron's Gulf visit aims to address rising energy prices and strengthen ties amid regional security concerns.

Halliburton Co. is predicting years of growing demand for oil field services as nations in the Middle East rebuild energy assets and infrastructure damaged in the Iran war.

Barrack highlights limits of US interventions, admitting past regime changes in the Middle East were often mistakes.

Asian liquefied natural gas prices rose to the highest in almost four years, as attacks on tankers in the Middle East damped hopes for a recovery in exports from the war-torn region.

Saudi Arabia has decided to postpone its flagship investment conference until next year, organisers confirmed in a statement on Monday, following deadly attacks which rocked ‌the kingdom in recent weeks as the Middle East conflict widens, disrupting business. The Future Investment Initiative, or FII, was planned for October 26 to 29, but will now take place in 2027, with a new date to be announced “very soon,” the organisers said. Reuters reported earlier Monday that the in-person event had been...

Malaysia hasn’t agreed to provide financial support to AirAsia Group Bhd. even as the airline faces losses from a sharp rise in jet fuel prices following the Middle East conflict.

Oil prices pulled back from a five-month high as traders weighed escalating tensions in the Middle East against surprisingly resilient supply. Houthi attacks on Saudi Arabia are intensifying, with fresh strikes and attempted attacks targeting the kingdom and its key energy infrastructure. Matthew Mullman, Senior Analyst for Global Macro at Signum Global Advisors spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa. (Source: Bloomberg)

Oil steadied after jumping on Friday, as flareups in fighting in the Middle East and Ukraine dimmed the prospect of a return to normal crude flows.

Angola is considering selling bonds in China or tapping Islamic debt markets in the Middle East as the oil-producing nation seeks to diversify its sources of financing, according to a senior finance official.

Rising fuel prices are having a negative impact on household budgets and sectors including transport, agriculture, and construction.

Bangkok, Oct. 15 (Jiji Press)--Finance ministers and central bank chiefs from the Group of 20 major economies met in Bangkok on Thursday to discuss ways to address rising inflation as crude oil prices remain high amid turmoil in the Middle East. Participants also discussed coordinating their policies to stabilize financial markets in light of a global rise in long-term interest rates, fuele...

Oil fell as concerns about the supply disruptions caused by the conflict in the Middle East eased and the International Energy Agency raised its forecast for the war’s impact on supply. Bloomberg's Stuart Livingstone-Wallace reports. (Source: Bloomberg)

Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.

Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. (Source: Bloomberg)

There has been a huge popular success for the IPO of the Dangote Refinery now ending on October 27th, 2026, after a 2-week extension. With the escalation of the conflict in the Middle East, the closure of the Strait of Hormuz has caused a surge in global crude prices and, in turn, supply shortages – pushing African and European countries to turn in mass to the Dangote refinery. The leading African producer of crude oil seeks to transform its status to a regional hub for refining and petrochemicals. FRANCE 24's Chinwe Ossundu reports.

Energy companies are poised to lead European earnings growth for a third straight quarter, as elevated energy prices stemming from the conflicts in the Middle East and Ukraine bolster profits across the sector.

Oil rose as a flare-up in attacks in the Middle East increased uncertainty over a recovery in energy flows from the Persian Gulf.

Egypt’s state-owned Banque du Caire is seeing strong interest in its sale of a 30% stake this month, as the Middle East’s most populous nation shrugs off turmoil elsewhere in the region to host two major initial public offerings.

Iraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)

Oil slipped as traders weigh a potential energy ceasefire between Ukraine and Russia while the IEA urged members to speed up pledged diesel releases. This comes after hostilities escalated across the Middle East, with strikes by Houthis on Saudi Arabia’s Riyadh airport. Angela Wilkinson, Secretary General at the World Energy Council spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa to discuss the pressures on the energy markets. (Source: Bloomberg)