Saturday 29 November 2014
 
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Oil Prices

Weak oil depresses assets in Russia, Middle East

Oil's lurch to a new four-year low on Thursday sent growing tremors through the financial markets of Russia and energy-reliant economies in the Middle East. As expectations waned that producing countries will take meaningful a

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Weak oil depresses assets in Russia, Middle East

Oil's lurch to a new four-year low on Thursday sent growing tremors through the financial markets of Russia and energy-reliant economies in the Middle East. As expectations waned that producing countries will take meaningful a

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Infrastructure growth key to Bahrain’s industrial sector

Infrastructure projects worth an estimated $22 billion, which are expected to be rolled out in Bahrain before 2020, will boost the kingdom’s industrial sector via improved transport links and massive facilities, a report said.

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Oil slump ‘won’t derail Qatar investment strategy’

Volatile oil prices will not force the Qatar Investment Authority (QIA) to change its investment strategy, the sovereign wealth fund's chief executive said on Thursday. A plunge in prices - benchmark Brent crude fell to more t

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New appeal to shore up crude prices

Iran and Venezuela yesterday called on fellow crude producers to shore up prices that have plunged more than 30 per cent to four-year low ahead of an Opec meeting later this month. Oil prices have fallen to below $79 on abundant s

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No quick rebound in oil prices likely, warns IEA

The oil market has entered a new era with lower Chinese economic growth and booming US shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday. The International Energy Agency (IEA

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Gulf states edge towards subsidy reforms as oil falls

When Kuwait's government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair. A resulting increase in airline ticket prices w

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Strong Dubai, weak oil demand puts Saudi in dilemma

A strong Dubai price in a weak oil market has created a dilemma for top oil exporter Saudi Arabia as it works out official monthly selling prices for December, said indutsry experts. The largest Opec producer is expected to raise

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Oman likely to start cutting subsidies next year

Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish Al Balushi said.   The country

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EU could save $80bn in imports as oil prices plunge

The European Union (EU) could save up to $80 billion in energy imports if oil prices remain low, providing some relief to households and companies in a region that has been laid low for the last five years. The price of oil has dr

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