Wednesday 4 May 2016
 
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oil price

Oil rises as dollar slips to 18-month low against yen

Oil prices rose on Tuesday as the dollar slipped to an 18-month low against the yen, potentially spurring fuel demand, but gains were restricted by rising Middle East output that renewed concerns of a global supply overhang. The i

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Oil rises as dollar slips to 18-month low against yen

Oil prices rose on Tuesday as the dollar slipped to an 18-month low against the yen, potentially spurring fuel demand, but gains were restricted by rising Middle East output that renewed concerns of a global supply overhang. The i

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Oil could trade above $60 in 2017: report

Oil supply growth by Opec countries will not match the output declines being experienced by non-Opec producers and this could lead to higher crude prices next year, says a report.  To balance the oil market by 2020, US oil and gas

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Oil price bottoming depends on global growth: IEA

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crud

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Oil prices ease after hitting 2016 highs

Oil futures slid after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were

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Oil prices ease after hitting 2016 highs

Oil futures slid after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were

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Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group

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Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group

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Qatar’s 2016 budget shelters capex spending

Qatar’s budget appears to be attempting to protect capex expenditures while rationalizing current spending, a report said, highlighting that the 2016 budget pencils in a deficit of $12.7 billion based on oil prices of $48 per barrel.

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Govt regulations, human capital back Bahrain growth

Bahrain continues to benefit from favourable supply-side factors: supportive human capital, mature regulatory environment and cost-competitiveness versus regional financial centres, as well as connectivity to Saudi Arabia, a report said.

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