Sunday 1 May 2016
 
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oil price

Oil price bottoming depends on global growth: IEA

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed but that would depend on global economic growth. Asked if oil prices had reached a bottom, Birol told Reuters: "It may well

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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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Oil up 1.1pc, at 2016 highs on weak dollar

Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.

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Oil up 1.1pc, at 2016 highs on weak dollar

Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.

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Oil falls on profit booking after 3 weeks of gains

Oil prices fell over 1 per cent on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.60 per barrel at 0207

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