Search Results for: Saudi Arabia
Oil Majors Don’t Share OPEC’s Optimism On Oil Prices In 2016
November 12th, 2015
OPEC’s meeting in Vienna is less than a month away, and oil producers – countries and companies alike – have been raising their concerns at an energy conference in the United Arab Emirates over the cartel’s strategy to keep ...
The Middle East Could Face A Historic Crisis By Century’s End
November 10th, 2015
Regarding the Middle East and its oil, the late Sheikh Rashid Bin Saed Al Maktoum, longtime Emir of Dubai and Prime Minister of the United Arab Emirates, once famously remarked: “My grandfather rode a camel, my father rode a camel, ...
OPEC’s Strategy Seen Potentially Backfiring
November 10th, 2015
Decision against controlling oil output could add to sustained period of low oil prices and dent revenues, IEA says OPEC’s unwillingness to limit its oil output could help usher in a sustained period of low prices and more pain ...
Dubai private sector growth hits five-year low amid ‘travel and tourism contraction’
November 9th, 2015
Dubai’s private sector recorded its slowest growth in more than five years last month. Expansion of business activity was at a 68-month low with a slowdown in the travel and tourism sector particularly prominent, according to the Emirates NBD ...
IMF’s Lagarde Discusses Economic Challenges with GCC Countries
November 9th, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar with the finance ministers and central bank governors of the Gulf Cooperation Council (GCC)1 : “I ...
Iranian Oil Goes Back on the Market
November 6th, 2015
After years of sanctions, the country is boosting production and aiming to win customers back from the Saudis and Russians. The fate of the oil market in 2016 depends in large part on a series of oil fields with ...
Venezuela will push for an oil price band at South American and Arab nations meeting
November 5th, 2015
Venezuela to push for oil price bands at Arab nations meeting Venezuela will push for an oil price band proposal at an upcoming summit in Saudi Arabia between South American and Arab nations, President Nicolas Maduro said. OPEC price ...
BNP Sued Over $650 Million `Wet Ink’ Error in Al-Sanea Deal
November 3rd, 2015
Golden Belt Sukuk sues French lender in $650 million lawsuit Saudi tycoon’s Saad Group defaulted on the deal in 2009 BNP Paribas SA is being sued by the trustee of a $650 million Islamic finance transaction who said the ...
5 reasons oil could be nearing a new tipping point
October 22nd, 2015
Oil’s bounce back from the summer’s lows has the look of a bottoming in crude prices, but some strategists say the shakeout is not over. “I’m pretty sure we’re going to see a new low. The probabilities are that ...
OPEC Is About to Crush the U.S. Oil Boom
October 21st, 2015
U.S. oil output almost back down to level of last OPEC meeting Saudi-led strategy is paying off, says Societe Generale After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of ...
