Monday 22 December 2014
 
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Oil Prices

US crude crashes 5pc, nears $60 on Saudi inaction

Oil prices tumbled as much as 5 per cent on Wednesday, pushing US crude to five-year lows near $60 a barrel after data showed a spike in US inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output.

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KPC sees oil at $65 a barrel for next seven months

Oil prices are likely to remain around $65 a barrel for the next six to seven months, the head of Kuwait's state oil company said.   "I think oil prices will remain

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S&P cuts Saudi-Oman outlook on low oil price

Standard and Poor's (S&P) has lowered the outlook for the world's top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices, a report said. However, the ratings a

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Falling oil prices to slow GCC economies growth

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

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Falling oil prices to slow GCC economies growth

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

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Gold rebounds to one-month high over oil prices

Gold saw its biggest daily surge in more than a year on Monday, reversing from 2 per cent losses to a one-month high on spillover support from the surging oil market, technical buy signals and potential for increased Indian imports. Silver vault

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Declining oil prices a boon for consumers

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump, giving individuals more spending money 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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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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