“The oil market is “pretty much in balance,” Bob Dudley the chief executive of BP has told …
Tag:
oil price
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Arab
Gulf stocks plunge on oil price slide; Saudi Arabia plunges over 5%
by Yomna Yasserby Yomna YasserMiddle East stock markets plunged to new multi-year lows Sunday, with Saudi Arabia tumbling more than 5 …
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forex news
Oil at $80 seen as ideal in next phase, says UAE Minister
by Yomna Yasserby Yomna YasserThe level of $80 a barrel is seen as an ideal price for oil as the world …
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Oil-related shares rose in Qatar early Monday but most stocks in the Gulf were quiet with few …
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Financial Institutions
Gulf firms under pressure from low oil price; says S&P
by Yomna Yasserby Yomna YasserCompanies in the six Gulf Arab states are under pressure as governments reduce spending in response to …
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forex news
OPEC sees Oil Price below $100 a barrel in the next Decade
by Yomna Yasserby Yomna YasserThe Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 barrel again …
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Oil’s dramatic price fall since mid-2014 cannot be explained by changes in production and consumption alone, with …
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Despite headwinds from an uncertain global climate, trade between China and Russia is likely to continue to …
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International News
Davos 2015: sliding oil price makes chief executives less upbeat than last year
by Noha Gadby Noha GadFresh evidence of the impact of the plunging oil price emerged on Tuesday when business leaders in …
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Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall …