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Oil Trades Below $50; Could Plummet to $35 a Barrel

Oil futures fell on Wednesday, with U.S. prices settling below $50 a barrel for the first time since early April. The reason for this...

3rd Biggest OPEC Producer Cuts Fuel Subsidy as Oil Price Crash...

The United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting 1st of August. It will...

Recovery in Dubai crude price provides some relief to upstream producers...

Moody's Investors Service says the recovery in the price of Dubai crude will provide some support to upstream oil companies, which have seen their...

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...

Oil Prices Strengthen; Goldman Sachs See $45 by October

Oil prices strengthened in recent trading sessions on a decline in U.S. oil inventory levels and better economic numbers from China, world’s second-largest consumer...

Shell Still Optimistic about Oil Price

Royal Dutch Shell PLC (RDSA) remains optimistic about the future of the oil price, despite its dramatic slump in recent months, Chairman Jorma Ollila...

Oil Price Decline Curbs GCC Economic Growth

Although economies in the Middle East and North Africa region continue to expand, growth is too slow and oil exporters will see a deficit...

Oil Price Fall Reflect on UAE Job Market

2015 salary projections for the United Arab Emirates had to be recently revised and readjusted. As a result, salary hikes in the country are...

Oil Prices Make a Comeback; Now Buy Property in Dubai

Crude-oil futures rallied well above $50 a barrel to settle at their highest levels of 2015 on Tuesday. Some analysts believe that oil prices...

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...

A Few Reason for Investors in Dubai Not to Worry about...

The continuous decline in oil prices casted doubts on the GCC governments’ ability to sustain the planned level of spending in 2015. Western media...

5 Industries Worried About Peak Oil

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is...

Weak Fundamentals Weigh on Oil Price

In electronic trade on Monday, oil futures fell further, adding to heavy losses suffered at the end of the previous week. Rising U.S. dollar...

Oil market undergoing positive ‘supply shock’: IEA

The oil market is undergoing a positive "supply shock" as production in North America continues to grow at a record pace and refining capacity...

Oil price struggles after controversial forecasts

On Tuesday Brent crude dipped below $100 per barrel for the first time in nine months. This caused worries among investors supported by weaker...

Oil prices on recovery run

On Friday the price of oil jumped back again in electronic trade. The rebound came after two days of serious losses. Yet, a number...

Oil prices jump 10% in a month

Over the last month oil prices rose by 10% with the support of several events. Saudi Arabia has cut down its oil output. The...

Oil advances on escalating Gaza conflict

Price of Brent crude reached almost $110 per barrel today, while the growing tension turned into violence between Palestine an Israel. This brought uncertainties...