Saturday 27 April 2024
 
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Oil price fall

Bahrain, Oman banks ‘most vulnerable to oil price fall’

Banking systems in Bahrain and Oman are more vulnerable to the recent drop in oil prices than those in the rest of GCC due to their highly oil-dependent economy where the budget breakeven price is significant, a report said. On a

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Oil price fall a 'golden' chance to shift to clean energy

World leaders have a "golden opportunity" with plunging oil prices to put a price on carbon emissions since cheaper fuel makes the move less risky politically, said the International Energy Agency (IEA). Oil fell $2 a ba

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Iran sees 'political conspiracy' in oil price fall

Iranian President Hassan Rouhani has blamed unnamed countries of plotting to bring down crude prices and said the recent slump in oil prices was not based solely on economic factors. With oil prices down more than 40 per cent sinc

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