Wednesday 27 May 2015
 
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GCC NOCs uniquely positioned to face oil price challenges

The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy an

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Brent crude oil slips below $66 before long US weekend

Oil prices fell on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. Monday, May 25 is Memorial Day in the United States and a public

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Oil firms face further cuts as low prices linger

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

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Cairo's residential property prices soar in Q1

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

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Oil prices could be $5-$15 lower in 2016 if Iran sanctions lifted: EIA

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

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Saudi raises crude prices to Asia for second month

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.  

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Oil prices plunge 4pc on Iran talks

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

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Oil prices to stabilise as demand rises: Poll

 Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed.    

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Dubai residential prices fall as demand dwindles

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

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Oil up sharply; posts first monthly gain since June

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

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