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Gulf Independent - Oil-prices
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Gulf subsidy reforms not enough to plug deficit: Moody's ASIA

Gulf subsidy reforms not enough to plug deficit: Moody's

Fuel subsidy reforms by Gulf states will help reduce pressure on budgets but are not enough to offset deficits resulting from low oil prices, ratings agency Moody's said.

4:45 AM November 25 2016
Oil down 3% as optimism over Saudi, Russia deal cools ECONOMY

Oil down 3% as optimism over Saudi, Russia deal cools

Brent oil fell 3% on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.

4:45 AM November 25 2016
Oil dips on strong dollar, weak Chinese trade data ECONOMY

Oil dips on strong dollar, weak Chinese trade data

Oil prices dipped on Monday on a firmer dollar and weaker-than-expected Chinese trade data that fuelled concerns about demand in the world's biggest energy consumer.

4:45 AM November 25 2016
Oil bosses upbeat on market rebound ECONOMY

Oil bosses upbeat on market rebound

Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year.

4:45 AM November 25 2016
Iran exporting 1.3 mln bpd of crude, set to increase ECONOMY

Iran exporting 1.3 mln bpd of crude, set to increase

Iran is exporting 1.3 million barrels a day (bpd) of crude oil, and will be pumping 1.5 million barrels a day by the start of the next Iranian year on March 20, a vice-president was quoted as saying on Saturday.

4:45 AM November 25 2016
Kuwait Petroleum International says oil prices could reach $50 mid2017 ECONOMY

Kuwait Petroleum International says oil prices could reach $50 mid2017

Kuwait Petroleum International (KPI) said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official state news agency reported.

4:45 AM November 25 2016
Qatar share index slides amid weak signals from oil market ECONOMY

Qatar share index slides amid weak signals from oil market

Reflecting the weak signals from oil market and global worries in the equity front, the Qatar Stock Exchange (QSE) witnessed a weak run, making it the third worst performer among the Gulf bourses during the week.

4:45 AM November 25 2016
VW says global sales climb, worsen in US ECONOMY

VW says global sales climb, worsen in US

German automaker Volkswagen said global sales of all its brands rose by 3.7% in January compared to the same month last year, although they worsened in the US.

4:45 AM November 25 2016
Oil prices surge five percent after plumbing new depths ECONOMY

Oil prices surge five percent after plumbing new depths

Oil surged more than five percent in Asia Friday, a day after tanking towards 13-year lows and following a report suggesting the OPEC producers' club was open to working towards cutting output to stabilise volatile crude markets.

4:45 AM November 25 2016
Global equities meltdown knocks QSE below 9,500 ECONOMY

Global equities meltdown knocks QSE below 9,500

Global equities meltdown and weak oil prices had its knock-on effect in the Qatar Stock Exchange, which plunged 134 points to sink below the 9,500 mark.

4:45 AM November 25 2016
Oil prices fall on US storage glut, ongoing economic woes ECONOMY

Oil prices fall on US storage glut, ongoing economic woes

Oil prices slid as record US crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile.

4:45 AM November 25 2016
IEA sees global oil glut worsening, Opec deal unlikely ECONOMY

IEA sees global oil glut worsening, Opec deal unlikely

The world will store unwanted oil for most of 2016 as declines in US output take time and Opec is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said.

4:45 AM November 25 2016