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crude prices

Kuwait crude prices up on supply disruptions

Crude oil prices in Kuwait edged higher in February on the back of supply disruptions, particularly within Opec in addition to the geopolitical tensions, said a report. After dropping to a seven-month low of $100 bpd early in the

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Higher crude prices spur GCC markets

Sustained high oil prices, expansive fiscal and accommodative monetary policies led to a strong rally in the first half of 2013 in GCC markets, according to research by Kuwait Financial Centre Markaz. All the GCC markets gained am

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Rising crude prices may boost growth in ME

Rising oil prices and massive government spending are likely to boost economic growth throughout the Middle East this year. But it will not be enough to keep pace with the world's most dynamic emerging market economies, a survey of for

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Iran sees rise in crude prices

Iran's Opec governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website Shana reported. 'It is unlikely that Opec holds an emergency m

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Saudi cuts Asia heavy crude price

Top oil exporter Saudi Arabia has lowered the August official selling price (OSP) for its Arab Heavy crude oil grade to Asia, traders said on Tuesday. Saudi Arabia cut its Arab Heavy crude to Asian customers by 5 cents from July to the Oma

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Oman's trade surplus quadruples in January

Oil producer Oman's trade surplus more than quadrupled to RO493.7 million ($1.28 billion) in January from a year ago as higher crude prices spurred a surge in exports, data showed on Tuesday. Last year, the global crisis slashed oil ou

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Iran ups crude prices to Europe, cuts Asia rates

Iran has sharply raised the official selling prices (OSPs) for its crude to Northwest Europe and the Mediterranean for July, a source with National Iranian Oil Company (NIOC) said. However it cut the OSPs for its crude for July loading to Asia.

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Iran slashes Asia, Europe crude rates

Iran cut the official selling price (OSP) for its Heavy and Forozan grades for May loading to Asia, the Mediterranean and Northwest Europe, a source with National Iranian Oil Company (NIOC) said on Friday. The cut is in line with traders&#

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