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Trading activity to be driven by movement in global markets, oil...

The global markets witnessed mixed sentiments during the week on the back of concerns over global growth and disappointing earnings season. Further, ongoing trade...

DME Launches Eight New Oil Contracts

Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East announced the launch of eight new oil listings...

OPEC and Allies Have Cleared Oil Surplus

OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...

Valued over $1 trillion Saudi Aramco IPO could go global

As part of a privatization drive, Saudi Arabia is considering an IPO of Saudi Aramco, the world’s biggest crude oil producer, deputy crown price...

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...

MENA Geopolitical Risks Increase

There is a concern that the Iraq turmoil has caused a significant increase in geopolitical risks in MENA. The turmoil could also deepen the...

OPEC issues Oil Market Highlights for May

The OPEC Secretariat has issued its monthly oil market report for May 2013. Following are oil market highlights from the Monthly Oil Market Report by...

Positive US employment data drove oil prices down

On Monday, oil prices edged down in respond to the positive US employment data released last Friday. The firm jobs growth brought concerns that...

Oil prices fell on possibility for direct nuclear talk

At the start of the week, oil traded under $97 per barrel. Optimistic news came out from the Middle East. Direct negotiations between US...

UAE oil output is 2.6mbpd: Energy Minister

The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammed bin Dhaen Al Hamili. In a statement...

Brent crude oil prices to soar in 2013

Global economic activity is starting to accelerate Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...

UAE Plans to Lift Oil Production Capacity in 2013

The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...

Growing M&A interest in MENA Oil and Gas industry

Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industryGlobal Oil and Gas transactions have suffered a modest decline in both...

Exploration, development spending fuels growth in worldwide oil and gas reserves

As a result of growth in Asia-Pacific gas reserves, investments in Canada’s oil sands and the dramatic increase of US shale reserves, worldwide oil...

Trading Sessions: Gold and Silver, Oil

Gold Gold is trading at 1769.45, keeping its steady position today, while traders try to interpret market movements and central bank policy. Today traders were...

Credit Suisse cuts 2012 commodity price outlook

Credit Suisse lowered its 2012 price forecasts for commodities across the board, including oil, precious metals and base metals, saying the balance of near-term...

Economic uncertainties fade, data drives global markets

Investors seek a haven from Europe's debt crisis and the prospect of weakening currencies Euro strengthens to two-week high after Spain seeks bailout fund The...

Stimuli expected to stop the global economic slump

The talk of the day among economists and media observers is "stimuli."  All ask for stimuli and many promise  stimulus. It seems the latest stimulus speculations already work...