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Oil Prices

oil-well

IEA releases Oil Market Report for November

16/11/2015(0)
Non-OPEC output to slip more than 0.6 mb/d in 2016 as demand growth slows to 1.2 mb/d from five-year high Global demand growth is forecast to slow to 1.2 ... Read More
oil

Oil Majors Don’t Share OPEC’s Optimism On Oil Prices In 2016

12/11/2015(0)
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 ... Read More
oil

Oil prices drop on rising stockpiles, Japan recession fears

11/11/2015(0)
Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, while fears that Japan’s economy may have fallen into recession added to demand woes. ... Read More
oil

Oil to bounce back next year, predicts UAE energy minister

05/11/2015(0)
Project delays and slowing shale production will lead to a rebound in oil prices next year, according to the UAE’s energy minister Suhail Al Mazrouei. The minister yesterday said ... Read More
oil-well

Oil prices slide on profit-taking, but supply risks support

04/11/2015(0)
Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session’s rally, while potential supply disruptions in the United States, Brazil and Libya curbed ... Read More
Oil_well

Oil prices drop on China demand worries

02/11/2015(0)
Oil prices fell in Asian trading hours on Monday as analysts expected weaker demand from China in upcoming months. Benchmark U.S. crude futures CLc1 had dropped 24 cents from ... Read More
oil - petrol - A man fills up his car

UAE petrol prices to drop to subsidised levels in November

29/10/2015(0)
 Most drivers will pay less for petrol next month than they did when fuel was subsidised. Super will cost Dh1.81 a litre, Special Dh1.70 and diesel Dh1.87 – all ... Read More
oil-well

Oil Speculators Make `Easy’ Bearish Call at 85-Year Supply High

27/10/2015(0)
Money managers increase bearish wagers by most since July U.S. crude supplies have gained 5% in past four weeks Hedge funds placed the most bets on falling oil prices ... Read More
saudi-arabia

Saudi Arabia to run out of cash in less than 5 years

26/10/2015(0)
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in ... Read More
Brent Crude Oil

Oil prices climb on upbeat economic data, ECB stimulus moves

23/10/2015(0)
Oil prices extended gains into a second day in Asian trade on Friday, finding support from brighter economic data and a global stock market rally after the European Central ... Read More
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