Saturday 29 August 2015
 
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prices

Oil prices fall to near 6-month lows over China

Oil prices fell for a fifth straight session on Tuesday to their lowest in almost six months, as a rout in Chinese equities cast further doubt over the outlook for crude demand in the world's top commodities consumer. China

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Oil stages 4th weekly drop as China factories slow

Oil prices neared four-month lows on Friday, set for their fourth straight week of declines, after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. Data showing activity i

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Oil prices fall as US crude stocks seen rising

Oil prices fell on Wednesday after industry data showed US crude inventories rose last week when they had been expected to drop, even as a weaker dollar helped to limit deeper losses. Crude futures have steadied this week after tu

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Oil prices to further fall due to oversupply

Oil prices are set to come under further pressure from easing global demand and an expanding glut of crude while a rebalancing of the markets may last well into next year, the West's Energy watchdog said on Friday. The Interna

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Boeing raises jetliner list prices by 2.9pc

Boeing Company has raised list prices for its jetliners by 2.9 per cent citing a range of costs that go into making the planes. The price of the company's forthcoming 777X, due for delivery by 2020, rose to $400 million in Boe

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Surging aluminium output promises more pain ahead

Global aluminium production growth is on a surge again. True, the latest figures from the International Aluminium Institute (IAI) showed daily average output in May falling marginally from April's 158,100 tonnes to 157,800 ton

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GCC NOCs uniquely positioned to face oil price challenges

The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy an

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Brent crude oil slips below $66 before long US weekend

Oil prices fell on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. Monday, May 25 is Memorial Day in the United States and a public

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Oil firms face further cuts as low prices linger

Oil majors may need deeper cuts to oil and gas exploration and production spending as they grapple with an extended period of low crude prices.   The industry is expected to reveal another set of grim earnings fo

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Cairo's residential property prices soar in Q1

The residential property market in Cairo, Egypt, posted solid growth in the first quarter amid a sharp rise in the apartment and villa sale prices compared to the previous year, said a report. The real estate market showed signs o

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