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Oil could hit $100 a barrel in 2019: Bank of America

There is a risk of crude oil prices hitting $100 per barrel next year due to tightening of supply and demand balance in global oil market, investment banking giant Bank of America Merrill Lynch said in a report Thursday. Oil prices have been rising in the past few weeks due to worries...

Saudi to supply oil to fuel-starved Sudan: minister

Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country's oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black market prices surging in Khartoum as...

Air France's stock sinks as government warns on its future

Air France's share price dived Monday after its CEO quit and the French government warned that the country's flagship carrier might collapse. A new strike Monday over wage demands, meanwhile, prompted the cancellation of about 15 percent of Air France flights worldwide. The number of...