Royal Dutch Shell beat forecasts with a 22 percent rise in first-quarter profit, thanks to higher oil and gas prices and fatter refining margins.
Brent oil pared gains to around $124 a barrel on Wednesday and U.S. crude fell as a big rise in U.S. inventories countered support from a weaker dollar before a Federal Reserve statement expected to keep a loose monetary policy.
Brent crude oil edged above $124 a barrel Wednesday as support from a weaker dollar, ahead of a Federal Reserve statement expected to maintain loose monetary policy, countered rising U.S. inventories.
A team of investigations from the United Nations have arrived in Tripoli, Libya to investigate allegations of human rights abuses in the strife-torn country since the civil war erupted over two months ago, according to reports.
The President of Venezuela Hugo Chavez said he is meeting with a delegation of Libyan officials in Caracas to seek ways to resolve the crisis in the North African country.
The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision, which is expected to reinforce an ultra-easy policy stance and drive more capital to buoyant emerging Asian stock markets.
The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision where it is expected to reinforce its ultra-easy policy stance while stocks in Asia's developed markets rose, tracking a strong close on Wall Street.
Leon Panetta, the director of the CIA has spent the last five days in Ankara, Turkey, on a secret visit with high-ranking Turk officials to evaluate the crisis in Syria, according to Turkish newspaper, Sabah.
House Speaker John Boehner said on Monday that 'there's a chance' a vote to raise the debt limit beyond $14.3 trillion may not happen if President Barack Obama 'doesn't get serious' about handling the nation's fiscal problems.
Bashar al-Assad might be deeply hated by the people of Syria and a pariah in much of the world, but he can count on at least one friend.
Italy and France have called on the international community to cease shipping oil products to the regime of Libyan leader Moammar Gaddafi and also asked market operators not to purchase Libyan crude oil.
The Italian air force will play a greater role in NATO’s air strike campaign in Libya, according to statement from the office of Prime Minister Silvio Berlusconi.
Oil rose above $124 a barrel on Monday, pushed higher by an escalation of violence in the oil-producing Middle East and post-election unrest in OPEC member Nigeria.
International Business Times spoke to Dilshod Achilov, a professor of political science at East Tennessee State University, in Johnson City, Tenn., to discuss Turkey’s evolving role in the Middle East, how it is handling the revolutions in the Arab world and its chances for accession into the EU.
Libyan rebels say there is intense fighting taking place 100 miles east of Tripoli, after forces loyal to leader Muammar Gaddafi retreated to the outskirts of Misrata, a gateway city to the capital. The forces began launching rockets into the city, a rebel spokesman said.
Human rights groups have demanded that the government of Bahrain put a stop to committing human rights violations against protestors and halt the practice of detaining patients and doctors suspected of either having participating in protests or being sympathetic with them.
The U.S. military has confirmed that one of its unmanned Predator drone aircraft has struck its first target in Libya in support of the NATO-led campaign, but did not provide any other significant details.
Sen. John McCain, who visited the Libyan rebel stronghold of Benghazi on Friday, called for the United States and every other nation to recognize the rebels fighting against forces led by Col. Muammar Gaddafi and for responsible nations to arm them.
The Libyan conflict is heading for stalemate, the top U.S. military officer said on Friday, and Senator John McCain urged the United States to recognize the rebels and transfer frozen Libyan funds to them.
Navy Admiral Mike Mullen, chairman of the U.S. Joint Chiefs of Staff, has warned that the civil war in Libya is moving towards stalemate, while conceding that air strikes by NATO and the U.S. have destroyed 30 percent to 40 percent of Moammar Gaddafi's ground forces.
U.S. Sen. John McCain - a strong proponent of additional U.S. military action in Libya - visited rebels in the city of Benghazi on Friday, calling them his 'heroes.'
Brent oil futures seesawed near unchanged after slipping off a 32-month high Thursday as traders took some money out of recently rising energy markets before a holiday weekend.
