Saturday 3 December 2016
 
»
Tag
 
»
oil price

$60 oil price to be dominant in 2017, says Lukoil

Over the next year, the price of $60 per barrel will be dominant, reported TASS, citing a top official of Lukoil, Russia's leading oil company. "If we analyze the history of such operations, within six months – year

More…

Saudi Arabia's deficit 'could hit $90bn in 2016’

Saudi Arabia’s austerity, privatization and taxation measures will not be sufficient to reduce the deficit to the desired extent, leading to the kingdom seeing a deficit of $80-$90 billion or 13 per cent of the GDP in 2016, a report said.

More…

GCC liquidity crunch ‘to slow economic growth’

Tightening liquidity will continue to pose imminent challenges to GCC economies according to the latest CFA member societies survey, which gauged the opinions of CFA members and charterholders in the Middle East. The survey reveal

More…

Govt firms ‘better placed to resist low oil prices’

Large GREs in the GCC are better positioned to withstand low oil prices, said S&P Global Ratings in a report, adding that the governments are on a path to addressing the fiscal deficits through various forms of expenditure reform.

More…

Oil sinks despite Opec output cut plan

Oil prices dropped from $50 per barrel on Monday despite an agreement last week by exporters to cut output, a report said. Brent crude futures LCOc1 were trading down 25 cents, or 0.5 per cent, at $49.94 per barrel at 0205 GMT, ad

More…

Oil sinks despite Opec output cut plan

Oil prices dropped from $50 per barrel on Monday despite an agreement last week by exporters to cut output, a report said. Brent crude futures LCOc1 were trading down 25 cents, or 0.5 per cent, at $49.94 per barrel at 0205 GMT, ad

More…

Oil prices, stocks up on surprise Opec deal

Oil prices extended gains in Asia on Thursday, boosting stock markets, after Opec members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the US presidential election nears. MSCI&#

More…

Oil extends rise after surprise US crude stock draw

Oil prices extended gains from the previous session in Asian trading on Thursday after a surprise third consecutive weekly US crude inventory draw tightened the market. US West Texas Intermediate (WTI) crude oil futures CLc1 were

More…

Oil extends rise after surprise US crude stock draw

Oil prices extended gains from the previous session in Asian trading on Thursday after a surprise third consecutive weekly US crude inventory draw tightened the market. US West Texas Intermediate (WTI) crude oil futures CLc1 were

More…

Oil up on US stock draw, Japan imports

Oil prices climbed on Wednesday, supported by a reported draw in US crude inventories and by firm import data from Japan. US West Texas Intermediate (WTI) crude futures were up 1.79 percent, or 79 cents, at $44.84 a barrel at 0027

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads