Search Results for: Saudi Arabia
Oil prices surge to over $65 for the first time in over 2 years
December 12th, 2017
Brent crude has surged to its highest level since June 2015, trading above $65.00 per barrel. Earlier this month, The Organization for Petroleum Exporting Countries (OPEC) and non-member states, led by Russia, struck a deal to extend production cuts ...
Early Oil Prices Review; Oil Prices Fell
December 11th, 2017
Oil prices fell on Monday as last week’s rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten markets. A statement by Kuwait’s oil minister that OPEC and ...
Oil prices latest update
November 30th, 2017
Oil prices edged up on Thursday, ahead of an OPEC meeting in Vienna at which producers are expected to extend a supply-cut deal that came into effect in January with the goal of tightening supplies and propping up prices. ...
U.S. Oil Prices Dipped On Increased Drilling
November 27th, 2017
U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut would be extended. U.S. West Texas Intermediate (WTI) crude ...
Oil Prices Leap On Back Of Major Pipeline Leak
November 20th, 2017
The combination of a major US pipeline leak of 795,000 litres and additional OPEC production cuts saw oil prices jump more than two per cent after a series of falls. Brent crude contract prices for January closed at $US62.72, ...
Oil prices hits highest levels since 2015
November 6th, 2017
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. Brent futures LCOc1, the ...
Euro against the dollar to a three-month low; Early European and Asian markets review
October 27th, 2017
Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar after the European Central Bank extended its stimulus. The Australian dollar fell ...
Oil hovers near four-week high
October 25th, 2017
Brent crude, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 GMT, after settling on Tuesday up 96 cents, or 1.7 percent. U.S. West Texas Intermediate crude was trading down 4 cents at $52.43. Saudi ...
Oil markets jump on fears of new Iran sanctions
October 16th, 2017
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. Brent crude futures LCOc1, ...
DGCX and Ayedh Dejem Group to launch the Middle East’s first-ever Sharia compliant Spot Gold contract
August 21st, 2017
The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from the Kingdom of Saudi Arabia, have agreed to develop and launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an ...
