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Opec rules out oil output hike to control priceCore Opec ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation. Opec's most influential More… |
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UAE food inflation seen easing on price curbsFood and commodity inflation in the United Arab Emirates should ease this year after the Gulf state imposed price controls, but global trends will continue to drive prices, the Ministry of Economy said. The ministry has signed agreements w More… |
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Oil leaders to launch new price control bidA week after failing to deflate record oil prices at a summit in Saudi Arabia, the world's biggest crude producers and consumers will get another chance to tackle the problem at a meeting this week. More than 3,000 delegates, including le More… |
