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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...

Kuwait ready to cut oil production; HSBC sees price at $45...

Crude slid 2.57% and Brent lost 2.43% both below $30 a barrel on Tuesday, sending renewed shivers through global financial markets. Investors in Asia were back to selling and...

Crude price rebound will start in H2 of 2016, some analysts...

Part of the reason oil is the trade of the year is because it’s going to have such a broad affect, it’s going to...

Crude price recovery remains long term perspective; Oil production expected to...

The idea that oil prices will bottom out, and a period of retrenchment will begin, isn’t entirely new. Investments in exploration and production are...

GCC stock markets tumble as Iranian oil expected to flood already...

As the end of economic and financial sanctions lifted Iran's equity market, the prospect of Iranian oil flooding an already oversupplied crude market sent...

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...

“Iran’s crude output boost won’t hurt oil prices”

Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news...

2016 and 2017 Crude Oil Projections Lowered Further

The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...

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...