Monday 2 February 2015
 
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Kuwait cuts diesel fuel prices after political pressure

Kuwait has cut selling prices of diesel and kerosene at filling stations after political opposition to price hikes underlined the difficulty of reforming the country's welfare system, even as the loss of oil revenues makes reform more urge

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Oil jumps as Saudi king's death feeds uncertainty

Oil prices jumped in Asian trading today (January 23) as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Abdullah died early on Fri

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Oman oil minister slams Opec policy on prices

Oman Oil Minister Mohammad bin Hamad Al-Rumhy sharply criticised Opec's production policy on Wednesday, saying it was creating volatility in the market without benefiting oil producers and that his country was suffering. In No

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Oil prices to stabilise in Q2 this year: experts

Oil prices are set to climb higher in the second quarter of the year, because the excess oil would have been consumed and global balance between supply and demand would be stabilised, according to experts. The petrochemical sector

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Oil price slide may spur budget changes in Bahrain

A dramatic drop in oil prices over the past six months could force Bahrain's government to change the way it calculates its national budget, it was announced. Oil accounts for more than 80 per cent of Bahrain's revenues, b

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Oil price slide may spur budget changes in Bahrain

A dramatic drop in oil prices over the past six months could force Bahrain's government to change the way it calculates its national budget, it was announced. Oil accounts for more than 80 per cent of Bahrain's revenues, b

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Oil price to fall until major Asian manufacturers feel the benefit

Oil prices will continue to drop as high production meets weak demand and a strong US dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit

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Borouge expects prices to steady in 2015

Abu Dhabi plastics manufacturer Borouge expects steady demand to help stabilise product prices in 2015 after oil's plunge pushed plastic prices down 20 per cent between September and January, a senior executive said on Wednesday.

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Saudi housing projects to gain from low oil prices

Saudi Arabia’s Ministry of Housing projects are set to gain from lower oil prices leading to a decline of 25 per cent in costs incurred by customers, according to a report. Businessmen pointed out that service projects have

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Saudi Arabia to see rise in housing prices

The house prices in Saudi Arabia are expected to rise further on the back of high demand for homes and a slow rollout of developments, according to a new report. The housing requirements will continue to outstrip supply even as ne

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