Oil majors may need deeper cuts to oil and gas exploration and production spending as they grapple with an extended period of low crude prices.
The industry is expected to reveal another set of grim earnings fo
The residential property market in Cairo, Egypt, posted solid growth in the first quarter amid a sharp rise in the apartment and villa sale prices compared to the previous year, said a report.
The real estate market showed signs o
World oil prices could be $5 to $15 a barrel lower than forecast next year if oil-related sanctions against Iran are lifted, the US government's energy agency said.
In its monthly report, the Energy Informa
Saudi Arabia, the world's top crude exporter, raised the prices for all the grades it will sell to Asia in May, increasing levels for the second straight month as robust refining margins supported demand in the region.
Oil prices fell as much as 4 per cent on Thursday after global powers negotiating a nuclear deal with Iran called for a news conference after more than a week of talks in Switzerland.
A nuclear pact for Tehran could remove Western
The residential prices in Dubai during the first six weeks of the year have decreased compared to the previous quarter as international demand dwindles, according to a report.
The Phidar Advisory’s first quarter mid-quarter
Crude oil rose sharply on Friday as Brent and US futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages.
On its way to contract expiration, March New York ultra-low sulfur
US consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.
Other data on Thursday
Saudi Arabia's Oil Minister Ali Al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments since the price of crude rebounded from a near six-year low.
Oil crashed by 60 pe