Posts Tagged ‘middle-east’

XAUUSD Eases Around $1,305 Amid Tensions’ Ebbing

by Forex Rooton August 12, 2014 8:04 am BST
XAUUSD for immediate delivery fell as much as 0.2 percent to $1,305.77 an ounce, and traded at $1,308.76 by 2:29 p.m. in Singapore. Approval of U.S. air strikes in Iraq sent the metal on Aug. 8 to $1,322.76, the highest since July 18. Prices have since retreated as haven demand decreased. XAUUSD held below the […]

Geopolitical Risk Elevates Crude To Four Month Highs

by Christopher Lemieuxon June 16, 2013 4:33 am BST
West Texas Intermediate (WTI) broke it’s range bound nature and was elevated to a four month high on growing geopolitical risk in the Middle East. On reports that the Syrian regime used sarin on a small scale against civilians, the Obama administration is now gearing up to arm the Syrian rebels with small arms. The […]

Tethys in onshore Oman spud

by on November 21, 2012 8:57 am BST
Located about 20 kilometres west of the Saiwan East oilfield in Block 4, well B4EW4 is planned to be drilled to a total measured depth of 3300 metres. It is targeting five potential reservoir formations – Lower Al Bashir, Miqrat, Amin, Buah and Masirah Bay. Four of the reservoirs (the exception being

Aker walks away from NPS deal

by on November 21, 2012 7:28 am BST
Aker announced in May that it had agreed to buy NPS Energy for an equity value of $350 million and assume about $110 million in net interest bearing debt as it looked target contract wins in the Middle East and North Africa.However, the deal was conditional upon a number