Thursday 5 May 2016
 
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gasoline

UAE raises May gasoline, diesel prices

The UAE will raise domestic prices for gasoline and diesel in May after global oil prices increased, the ministry of energy said on Thursday. The price of a litre of octane 95 gasoline will rise to Dh1.67 ($0.46) at the start of n

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Oil up 1.1pc, at 2016 highs on weak dollar

Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.

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Oil up 1.1pc, at 2016 highs on weak dollar

Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.

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Qatar to let fuel prices fluctuate in subsidy reform

Qatar will allow its domestic gasoline and diesel prices to fluctuate in response to changes in global markets as it seeks to reduce waste of fuel and save money for the state budget. Currently, local fuel prices are fixed at low

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Brent set to rise as oil glut begins to clear: report

The oil market is now poised to rebalance in the next six quarters and Brent crude price is likely to rally to $47 per barrel by mid-year, according to a new report by Bank of America Merrill Lynch. The report titled ‘Global

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Looming gasoline glut pulls down crude prices

Crude oil prices fell in early Asian trading on Tuesday on signs of weakening gasoline demand, long a pillar of support for struggling fuel markets, in both North America and Asia. Front month US West Texas Intermediate (WTI) crud

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Looming gasoline glut pulls down crude prices

Crude oil prices fell in early Asian trading on Tuesday on signs of weakening gasoline demand, long a pillar of support for struggling fuel markets, in both North America and Asia. Front month US West Texas Intermediate (WTI) crud

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US gasoline demand 'to hit record high this summer'

The United States will probably consume a record amount of gasoline in 2016, passing the previous peak set in 2007, and the prospect is helping lift crude oil prices, according to an expert. Recent data indicates the country is on

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India's thirst for gasoline helps spur global oil demand

India's gasoline consumption is surging and has become one of the fastest-growing components of global oil demand. With other parts of the global economy struggling, continued growth in gasoline consumption in India, together

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Oil set for weekly rise as gasoline buoys prices

Crude oil prices reversed early losses on Friday, with Brent on track for its first weekly gain in a month, as strong US gasoline demand and hopes of Opec action outweighed concerns over fundamental oversupply. Brent crude futures

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