Tuesday 30 June 2015
 
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oil price

Oil holds near 3-week lows over Greece tension

Oil futures hovered below three-week lows on Tuesday after Greeks protested against austerity following a bank shutdown. The move moved investors away from riskier assets and put Brent crude on course for a second month of decline

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GCC oil firms ‘must act now to beat price volatility’

Exploration & production (E&P) firms in the GCC will need to transform by making bold, organization-wide moves and redefine the way they interact with service providers to survive the recent drop in oil prices, an industry expert said.

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GCC oil firms ‘must act now to beat price volatility’

Exploration & production (E&P) firms in the GCC will need to transform by making bold, organization-wide moves and redefine the way they interact with service providers to survive the recent drop in oil prices, an industry expert said.

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Oil price drop unlikely says Kuwait minister

Kuwait's oil minister said on Tuesday he expected oil prices to continue rising, predicting gains in the final quarter of 2015 on the back of global growth. "All indicators point to an improvement in prices ... today we h

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Oil edges up on uncertainty over Iran deal

Oil prices edged higher in Asian trade on Wednesday on hopes for stronger than expected US crude demand, while doubts over the prospect of reaching an agreement next week on Iran's nuclear programme eased oversupply concerns.

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GCC investors eye mature property markets amid low oil

With the lowering oil price having a knock-on effect on the local property scene, GCC investors are looking towards more mature markets that can withstand the fluctuating price of oil, while also offering institutional grade products.

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Oil falls on oversupply, economic data concerns

Oil prices fell in Asian trade on Tuesday on renewed worries over a global glut of oil and lacklustre demand ahead of preliminary manufacturing figures from China and Japan later on Tuesday. But a forecast drawdown in US crude sto

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UAE, Saudi continue to grow despite cheap oil

The UAE and Saudi Arabia continue to witness growth despite lower oil prices, a report said, noting that the UAE even recorded high levels of job creation during May, while Saudi Arabia’s output and new orders expanded. &ldq

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UAE, Saudi continue to grow despite cheap oil

The UAE and Saudi Arabia continue to witness growth despite lower oil prices, a report said, noting that the UAE even recorded high levels of job creation during May, while Saudi Arabia’s output and new orders expanded. &ldq

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Oil falls on Greek debt worries, oversupply

Oil prices eased in Asian trade on Monday, falling for a second session on concerns about the outcome of an emergency eurozone meeting later in the day on the Greek debt crisis and worries about oversupply. Prices were up, though,

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