Search Results for: Saudi Arabia

Oil giant BP predicts Opec comeback as Brent crude price rises

February 18th, 2015 (0)
Saudi Arabia and its fellow Opec members are set to make a massive comeback and regain control of the world’s crude oil market, and could be in their previous position of influence as early as next year. The prediction, published by oil giant BP yesterday, ...

Asia stocks, euro fall as Greek uncertainty saps confidence

February 12th, 2015 (0)
Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks. The uncertainty is expected to be highlighted in a ...

OPEC Producers Cut Oil Prices to Asia in Battle for Market Share

February 11th, 2015 (0)
Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC’s largest market is intensifying. Iraq’s Basrah Light crude ...

Alstom Gets Break on Fine

February 2nd, 2015 (0)
Court Granted Delay in $772 Million Payment Because of Possible Business Impact When the U.S. Justice Department announced a record $772 million foreign-bribery settlement with Alstom SA in December, there was a hitch: The French engineering company couldn’t pay ...

Al Tamimi & Co. to provide Legal Consultancy in Support of the “New Egypt

January 29th, 2015 (0)
Al Tamimi & Company is proud to announce a new association with Nour & Taha Law Firm, a key player in the Egyptian legal market. From 1st April 2015 Mohamed Khodeir, a partner at Al Tamimi & Company regionally ...

U.S. oil well shut-ins start as crude rout batters small producers

January 27th, 2015 (0)
Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn. As oil prices fell by more ...

OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending

January 26th, 2015 (0)
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply. Crude futures pared losses in London and New York. “If you don’t invest in oil and gas, you will see more ...

Euro Slips With U.S. Futures on Greece as Treasuries Gain

January 26th, 2015 (0)
The euro slipped with U.S. equity-index futures, while Treasuries rallied as Greek voters handed victory to a party that’s pledged to renegotiate the terms of an international bailout. Asian stocks dropped with crude oil and industrial metals. The 19-nation ...

World Economic Outlook (WEO) UPDATE

January 20th, 2015 (0)
Cross Currents   Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...

Oil Prices Explained by Economics

January 13th, 2015 (0)
The oil industry, with its history of booms and busts, appears to be in the early stages of its latest downturn. The price of oil has plunged in recent months, reaching its lowest point in more than five years. ...
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