Emerging Market Currency Depreciation May Hit Oil Demand
Currency depreciation in some emerging-market countries may slow global oil demand. They may need to utilize more subsidies to shield their industry and private...
OPEC’s crude oil production cut is still a hint
Oil prices surged last Friday on world markets, following a report in the Wall Street Journal quoting UAE's minister of energy as saying the...
DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium
Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...
Oil prices officially charged into a bull market
Crude oil prices have advanced more than 20% from their August 2nd low over the past several sessions, signifying a bull-market run.
According to market...
Oil posted its biggest weekly loss
Oil fell US$2 a barrel on Friday, May 07, and posted its biggest weekly loss in almost a year and a half following the...
OPEC sees no falling oil prices in the near future
The Organization of Petroleum Exporting Countries (OPEC) doesn’t see possibilities for oil price decline. According to OPEC's Secretary-General Abdalla El-Badri comments to media, the...
UAE and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...
Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble
WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...
New petroleum terminal to be build in Jebel Ali Free Zone
Horizon Terminals Ltd marks groundbreaking of US$142 million Bulk Liquid Petroleum Terminal in Jebel Ali Free Zone
Scheduled to be commissioned in the 4th quarter...
Oil lost nearly 5%, below $95
Oil futures suffered steep losses on Wednesday. Oil for July delivery tumbled $4.84, or 4.9%, to $94.57 a barrel.
The dollar rallied more than 1%...
Oil Seen Heading to $20 on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly...
Oil & Gold in the Investor’s Spotlight in 2022
Not only commodities markets but also the derived financial and capital markets are undergoing a wave of revived interest by both long-term investors and...
High oil prices harm global economy
If you follow the developments in the oil market you may know that oil price varies with tepid downward trend. Though, oil is...
Oil prices as fall below $89 per barrel
Worries about the U.S. economy following the release of a disappointing manufacturing report sent oil prices lower Tuesday.
At the New York Mercantile Exchange Benchmark...
Low oil prices is an opportunity for GCC economies to reinvent...
Dramatic drop in oil prices is a game changer for the macro outlook for 2015
‘Too low’ oil prices adds to the picture of rising...
How Will OPEC Output Cuts Affect the Middle East
OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...
Oil market ready for a bullish move despite recent worries
The recent developments around the crisis situation in Cyprus caused new uncertainties to commodity markets. Crude oil market was no exception. Additional worries were...
Global oil market oversupplied
U.S. crude oil futures ended lower for the fourth session in a row last Friday, May 14, and extended losses for the second straight...