Tuesday 26 September 2017
 
»
Tag
 
»
Oil Prices

Hurricane Harvey ‘will test rangebound oil price’

Brent prices have not deviated by more than $5 from $50 since the first quarter of 2016 on a quarterly basis, but Hurricane Harvey will test that rangebound trend, said Barclays, a leading British financial services provider. &nbs

More…

UAE economy to bounce back as oil prices recover, says IMF

The UAE is weathering the post-2014 oil shock well and the country's economic activity is expected to strengthen gradually in the coming years with firming oil prices and other global indicators, and an easing pace of fiscal consolidation, a

More…

Opec, non-Opec conformity level hits 106pc

Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, reported AzerNew

More…

Oil likely to hover at around $55 in 2017-2018: IMF

The International Monetary Fund (IMF) expects global oil prices to keep at around $55 per barrel in 2017-2018, according to the latest World Economic Outlook report released on Tuesday. The average price of crude oil amounted to $

More…

Business confidence in Mideast hits 2-year high

Business confidence in the Middle East rebounded strongly in the first quarter of 2017, in line with the fastest rate of growth in global trade since 2015, according to the latest edition of the Global Economic Conditions Survey.

More…

GCC on track for major economic recovery in 2017

While regional economies have been impacted by global reduction in oil prices, a recovery is expected from 2017 onwards, driven by a growth in oil prices as well as due to an increasing focus on economic diversification, a report said.

More…

Reason for optimism as Saudi deficit set to narrow

There is reason for optimism among investors in Saudi Arabia as the kingdom’s budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues, a report said.

More…

Oil prices down amid oversupply worries

Crude prices fell on Friday amid concern about the persistent oversupply of oil and skepticism that major oil producers will be able to coordinate the production cut they agreed to last month. U.S. crude for November delivery sett

More…

Oil prices surge to 4-month high on Opec deal

Oil prices hit a four-month high on Tuesday as investors felt increasingly optimistic about the ability of Organisation of the Petroleum Exporting Countries (Opec) to reach a deal on its first output freeze in eight years. Brent c

More…

Opec agrees oil output cuts in first deal since 2008

Opec agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices. "Opec made an exceptional de

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads