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Gulf Independent - Oil-prices
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QSE extends bullish run for sixth straight session, inches near 10,000 ECONOMY

QSE extends bullish run for sixth straight session, inches near 10,000

Foreign and Gulf institutions’ buying support extended the bullish run in the Qatar Stock Exchange for the sixth straight session and its key index inched near the 10,000 mark as global oil prices surged overnight.

4:45 AM November 25 2016
Oil prices rise on Nigerian outages, Goldman forecast ECONOMY

Oil prices rise on Nigerian outages, Goldman forecast

Oil prices jumped over 2% on Monday on growing Nigerian oil output disruptions and Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

4:45 AM November 25 2016
Buying support makes QSE best performer in GCC ECONOMY

Buying support makes QSE best performer in GCC

The Qatar Stock Exchange saw its key index gain 193 points to become the best performer among the Gulf Cooperation Council bourses during the week.

4:45 AM November 25 2016
Global oil supply glut to 'shrink dramatically' this year: IEA ECONOMY

Global oil supply glut to 'shrink dramatically' this year: IEA

A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada's output and demand in India soars, the International Energy Agency (IEA) said.

4:45 AM November 25 2016
IATA sees further decline in airfares ECONOMY

IATA sees further decline in airfares

Airfares are expected to fall further in the near future as prior declines in jet fuel prices feed through, IATA said but noted that the biggest stimulus to demand from oil prices appears to be over.

4:45 AM November 25 2016
Kuwait suspects 5,000 families of social security fraud ASIA

Kuwait suspects 5,000 families of social security fraud

Kuwait has launched a probe into a suspected scam involving 5,324 families accused of faking documents to obtain government social security payments, a minister said on Tuesday.

4:45 AM November 25 2016
Oil market on track to rebalance this year: al-Sada ECONOMY

Oil market on track to rebalance this year: al-Sada

HE the Minister of Energy and Industry and current OPEC president Dr Mohamed bin Saleh al-Sada has said the “oil market was on the right track towards rebalancing in the second half of 2016.”

4:45 AM November 25 2016
QSE index plunge 437 points on volatile oil prices ECONOMY

QSE index plunge 437 points on volatile oil prices

Notwithstanding the volatility in the global energy front, which led oil prices breach $45 a barrel, the Qatar Stock Exchange (QSE) saw its key index plunge 437 points and capitalisation erode about QR23bn during the week.

4:45 AM November 25 2016
Royal Dutch Shell profit slides on lower oil prices ECONOMY

Royal Dutch Shell profit slides on lower oil prices

Royal Dutch Shell on Wednesday announced an 89% drop in net profit for the first quarter, blamed on slumping oil prices, adding that investment would be lower than expected.

4:45 AM November 25 2016
Oil prices fall on rising Opec crude production ECONOMY

Oil prices fall on rising Opec crude production

Oil prices fell as rising production in the Middle East outweighed a decline in the US output and a sliding dollar, while Morgan Stanley warned that an emerging gasoline glut could also spill back into crude markets.

4:45 AM November 25 2016
Oil hits 2016 peaks again as weak dollar trumps global glut ECONOMY

Oil hits 2016 peaks again as weak dollar trumps global glut

Oil markets steadied on Thursday after scaling 2016 highs for a third day in a row on the back of a weak dollar as investors looked beyond record high US crude inventories and relentless pumping by major producers.

4:45 AM November 25 2016
UAE raises May gasoline, diesel prices ASIA

UAE raises May gasoline, diesel prices

The United Arab Emirates will raise domestic prices for gasoline and diesel in May after global oil prices increased, the ministry of energy said.

4:45 AM November 25 2016