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Gulf Independent - Oil-prices
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Emirates sees lower oil industry demand, still backs A380neo ECONOMY

Emirates sees lower oil industry demand, still backs A380neo

Emirates airline will show "significantly higher" 2015-16 annual profits, but some business has evaporated due to the recent slump in oil prices, its president Tim Clark said.

4:45 AM November 25 2016
Oil prices edge up on falling US output but demand worries weigh ECONOMY

Oil prices edge up on falling US output but demand worries weigh

Oil prices were only slightly higher on Wednesday as support from falling US production was countered by a strengthening US dollar and concerns over slowing demand.

4:45 AM November 25 2016
Oil dips in volatile trade on producer output freeze views ECONOMY

Oil dips in volatile trade on producer output freeze views

Oil prices edged lower in volatile trading after Kuwait said it would agree to an output freeze only if all major producers took part and Goldman Sachs analysts poured cold water on prospects for a sustained rally.

4:45 AM November 25 2016
QSE crosses above 10,400 as oil prices rebound ECONOMY

QSE crosses above 10,400 as oil prices rebound

Qatar Stock Exchange on Tuesday crossed the 10,400 resistance level mainly on buying support from local and non-Qatari retail investors.

4:45 AM November 25 2016
Oil hits 2016 high above $40; glut warnings resurface ECONOMY

Oil hits 2016 high above $40; glut warnings resurface

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big.

4:45 AM November 25 2016
Qatar share index gains 289 points on firm oil prices ECONOMY

Qatar share index gains 289 points on firm oil prices

Firm oil prices had had its reflection on the equity front with the Qatar Stock Exchange (QSE) gaining a robust 289 points to surpass the 10,100 mark and capitalisation enhance about QR14bn during the week.

4:45 AM November 25 2016
Oman studying 7-8% cut in electricity subsidies ASIA

Oman studying 7-8% cut in electricity subsidies

Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said.

4:45 AM November 25 2016
Saudi oil minister touts output freeze, rules out cut ECONOMY

Saudi oil minister touts output freeze, rules out cut

Saudi Arabia's oil minister Ali al-Naimi said Tuesday he hoped additional producers would join a potential deal to freeze output next month, saying it could help address a global glut.

4:45 AM November 25 2016
Oil prices rebound, US crude back above $30 ECONOMY

Oil prices rebound, US crude back above $30

Oil prices recovered on Monday after sharp falls the previous session, with US crude back above $30 a barrel as traders mulled the impact of a potential output freeze by key producers.

4:45 AM November 25 2016
Oil prices fall on oversupply concerns ECONOMY

Oil prices fall on oversupply concerns

Oil futures fell in Asian trade as a record build in US crude stocks stoked concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output.

4:45 AM November 25 2016
Saudi Arabia will not cut oil production, says foreign minister ASIA

Saudi Arabia will not cut oil production, says foreign minister

Saudi Arabia is "not prepared" to cut oil production, its foreign minister said, after the top exporter agreed with Russia to freeze output if major rivals follow.

4:45 AM November 25 2016
Oil prices rise further on output hopes ECONOMY

Oil prices rise further on output hopes

Oil prices rose further on Thursday, building on a rally triggered by an agreement between Saudi Arabia and Russia to freeze output levels.

4:45 AM November 25 2016