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Oman stays firm, says no specific plan to cut spendingOman has no specific plans to reduce state spending this year, its minister for financial affairs said on Wednesday, despite the plunge in oil prices to well below the level assumed in its government budget. "There are no spe More… |
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Bahrain energy projects not affected by oil slideFalling oil prices will not affect the development of oil and gas infrastructure in Bahrain, including an import terminal for natural gas and expansion of a major pipeline and refinery, the country's energy minister said on Sunday. More… |
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Oil could surpass recent highs by 2012Goldman Sachs said it saw a further downside risk for oil prices in coming days but added the prices could return to or surpass recents highs by next year as supplies may reach critically tight levels. 'It is important to emphasize tha More… |
