Friday 28 August 2015
 
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gasoline

UAE lowers gasoline, diesel prices

The United Arab Emirates (UAE) will lower domestic prices for gasoline and diesel in September, the Ministry of Energy said on Thursday. The price of a litre of octane 95 gasoline will fall 8.4 per cent to Dh1.96 ($0.5336) at the

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UAE savings from fuel price reform to rise sharply

The government of the United Arab Emirates will save only a modest amount of money from reforms to its fuel price system in 2015 but the savings are likely to rise sharply in coming years, an International Monetary Fund official said on Tuesday.

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Oil climbs as big US stocks lift demand outlook

Oil prices extended gains in Asian trade on Thursday, after a larger than expected draw in US crude and gasoline stocks strengthened the outlook for oil demand. But gains were capped by a stronger dollar and despite the drop in oi

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Oil climbs as big US stocks lift demand outlook

Oil prices extended gains in Asian trade on Thursday, after a larger than expected draw in US crude and gasoline stocks strengthened the outlook for oil demand. But gains were capped by a stronger dollar and despite the drop in oi

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UAE shifts fuel prices as the Gulf watches

The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright. The UAE said it would raise domestic prices for g

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UAE to raise gasoline price 24pc to 58 cents

The United Arab Emirates said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save the government money and encourage motorists to use fuel more efficiently. The pr

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UAE to raise gasoline price by 24pc, diesel down 29pc

The United Arab Emirates said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save the government money and encourage motorists to use fuel more efficiently. The pr

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Nigeria to produce at least 20pc of its gasoline needs

Major crude oil producer Nigeria aims to overcome its chaotic and crumbling refining sector to produce at least a fraction of the gasoline it needs to use itself. Its state oil company hopes that domestic plants can cover 20 perce

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Oil rises on gasoline demand, economic data

Crude oil rose more than $1 to above $58 on Thursday as supportive economic data from Germany and gasoline demand lifted prices. Brent crude oil is still down about 8 per cent this month, however, thanks to worries about the Greek

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Oil dip on US gasoline build checked by weak dollar

Oil prices slipped on Thursday after US government data showed that gasoline stocks and distillate inventories rose last week, although the falls were checked by continuing Middle East geopolitical tensions and a weaker US dollar.

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