The United Arab Emirates’ state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks to emulate the success of rival oil majors and bolster its regional influence. SEE MORE Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East. SEE MORE The increasing process of monetary policy normalization by some of the world’s most powerful economies will help to ease pressure on the domestic exchange rate. SEE MORE The price of gold in Vietnam edged up by VND500,000 per tael (1.2 ounces) to surpass VND39 million per tael on July 11 as global bullion price exceeded US$1,400 an ounce after the US Federal Reserve signaled interest rate cut. SEE MORE U.S. crude oil stockpiles fell by nearly 10 million barrels last week, far more than expected, as refineries processed the most crude oil since January, the Energy Information Administration said on Wednesday. SEE MORE