Tag: Oil
Crude-oil futures rose; stocks advance in Asia
Crude oil futures rose more than 1% to trade above $98 a barrel, after sliding more than 15% last week amid a broad...
Oil markets expected to continue to tighten
Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in...
Oil at two and half year high
Oil reached to its highest level since two years on Friday, as supply cuts stemming from attacks on Libyan oil fields offset demand concerns...
Silver lining for the Arab world
ArabianMoney editor, Peter Cooper said that the outcome of the Syrian uprising could be a blessing in disguise for the regional economy.
“Actually there are...
Oil may climb to $140, gold to $1,500 an ounce
Francisco Blanch, global head of commodities research at Bank of America-Merrill Lynch, talks to Bloomberg about the outlook for gold and oil prices. In...
Oil Shock to Global Economic Forecast
Recently new report was released by BofA Merrill Lynch Global Research, titled, "BofA ML Economics: Global Economics – An oil shock to the global...
Crude Oil Trades Near 29-Month High as Middle East Unrest Continues
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As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also...
UAE markets should follow Saudi shares rebound
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Saudi Arabia's index made its largest gain in more than two years today, after the country's finance minister sought to reassure nervous investors.
The...
Oil futures ended above $104 a barrel
Oil futures ended above $104 a barrel Friday and registered a weekly gain of nearly 7% , as investors consider that turmoil in Libya...
Oil prices eye fresh 2-1/2 year highs
Crude oil prices hold near 2-1/2 year peaks as worries about supply disruption persisted given ongoing unrest in Libya.
U.S. crude rose 0.2...
Great 21 century war looming, Egypt & Libya just brush fires
The Middle East protests have fueled more than just a change in Democracy; it looks like these political outbursts will affect the gas pump...
‘Oil – not democracy – is what West wants in Libya’
RT talks about Libya crisis to a London-based author and journalist Afshin Rattansi.
Oil prices could drop as far as $70 a barrel
Oil prices worldwide could drop as far as $70 a barrel when the North African region and the Middle East see a calming of...
Oil dropped sharply from near $120 a barrel
Oil dropped sharply from two and half year highs, near $120 a barrel on Thursday, following Saudi Arabia's assurance it could fill any Libyan...
Libya has declared force majeure on its oil contracts; Oil price...
Libya has declared force majeure on its oil contracts, Reuters reported Tuesday, citing oil traders. The news follows Libyan leader Col. Moammar Gadhafi's refusal...
Egypt unrest pushes Brent crude oil to $100 a barrel
The price of Brent crude oil has passed $100 a barrel for the first time since October 2008 on concerns about the political unrest...
OPEC raises 2011 oil demand forecast
The Organization of Petroleum Exporting Countries raised on Monday its forecast for global oil demand for this year.
OPEC said it now expects world oil...
The Energy Information Administration expects oil price to average $93 a...
The Energy Information Administration in the US said on Tuesday, world oil consumption rose 2.2 million barrels per day in 2010 to 86.6 million,...