Brent crude prices fell below $98 a barrel to a 16-month low on Monday, pressured by fears of a global economic slowdown following weak US and Chinese economic data.
Brent crude for July delivery dropped more
Goldman Sachs forecast the price of Brent crude oil at $130 a barrel in 2013, saying crude will continue to rise even in a poor economic growth environment.
Making public its 2013 forecast for the first time, the firm also predicted the pr
Al Habtoor Leighton Group, one of the largest construction group in the UAE, said it had a record Dh30 billion ($8.16 billion) worth of orders, from the region despite economic slowdown.
The company’s earnings growth may be affected in the