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Is a “V-Shaped” Oil Prices Recovery on the Horizon?

A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...

What’s behind the drop in oil prices?

The stunning fall in oil prices, from a peak of $115 per barrel in June 2014 to under $35 at the end of February...

GCC’s fuel subsidy reforms offer only modest fiscal space

While fuel subsidy reforms in members of the Gulf Cooperation Council (GCC) will help address pressure from low oil prices on public finances, these...

Oil prices fall again on weak data, output doubts

Oil prices fell in early Asia trade Monday, dragged by weak Chinese manufacturing data and dimming prospects of a coordinated production cut by world's...

Royal Dutch Shell exits Abu Dhabi’s $10bn gas project

Royal Dutch Shell says it is withdrawing from a key natural gas project in Abu Dhabi, mentioning a drastic fall in global energy prices...

Brent crude drops below $30; Oil prices could stay lower for...

Brent crude futures fell below $30 a barrel in Asia trade on Thursday as concerns about Iran adding to a supply overhang spooked investors. February...

GCC markets ended 2015 in red zone due to volatile oil...

Trading activities fell due to negative sentiments over the region Market capitalization declined 11.4%YoY in 2015 GCC markets close lower in 2015 GCC markets closed lower in...

What is the economic outlook for Middle East and North Africa?

Back in January we were cautiously optimistic about the global economy, now we are  cautious. Given that the global economy is basically slowing down, the...

Oil prices will test $30 a barrel sooner rather than later

On Friday, OPEC said it would keep its production level unchanged, basically legitimizing the 1.5 million barrels a day it has been producing over...

Oil Prices Need to Be $60 to $80 to Balance...

• Drilling and completion spending has dropped by 28% YoY since its 2014 peak, and BofA see another 5% decline next year • Oil field...

Dubai’s Economic Growth Slowed by Low Oil Prices

The outlook for Dubai’s economy remains positive, although there’s been a deceleration in growth in some industries after the oil prices fall, observed BofA's...

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...

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...

Goldman Sachs forecast slightly lower oil prices

Influential oil analysts at investment bank Goldman Sachs sees lower oil prices for 2013 and 2014. In its  Thursday note to investors, the investment...

Improved economic outlook triggers higher oil prices

Ahead of reports forecast indicating an improving U.S. economy outlook, oil trades near the highest close in four months. Futures went through a slight change...

Oil prices to surpass $150 by 2020

Bernstein Research reported on Tuesday that oil prices are expected to increase from 2015 onwards, topping $150 a barrel in 2019 and 2020. According...

Institute of International Finance Regional GCC Overview sees return to solid...

The GCC Regional Overview from the industry benchmark Institute of International Finance shows that the region is seeing solid growth, underpinned by higher oil...