Monday 20 October 2014
 
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Apache expects higher gas prices in Egypt by year-end

US oil and gas producer Apache Corp, one of the largest foreign investors in Egypt, hopes to reach an agreement with Cairo on higher gas prices by the end of the year and is encouraged by what it considers greater government transparency.

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Qatar joins Mideast oil producers in deep price cuts

Qatar has become the latest Middle East oil producer to cut prices by more than $1 a barrel in an attempt to revive demand for its crude in Asia.   Qatar, one of the smallest producers in Opec, has cut the Septem

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Oil falls below $88 after IEA cuts demand forecasts

Brent crude fell below $88 a barrel on Tuesday, returning to a nearly four-year low hit the day before, after the world's energy watchdog cut its estimates for oil demand this year and next. The global oil benchmark has droppe

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Iraq follows Saudis in oil price cuts for Asia, Europe

Iraq has cut its November oil prices for customers in Asia and Europe following a similar move by top global exporter Saudi Arabia as Opec producers compete for market share in the face of weaker global oil demand and prices. &nbs

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Privately, Saudis tell oil market: get used to lower prices

Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including t

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Saudi Arabia to cut Oct crude prices to Asia

Top oil exporter Saudi Arabia is expected to cut October prices for all grades sold to Asia, reflecting weak demand and a stronger Oman price marker, trade sources said.   Flagship Arab Light may also see the big

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Dubai construction material prices steady

The prices of individual construction materials in Dubai, UAE, remained more or less steady during the second quarter of 2014 compared to the same period last year, said a report. In the cement category, the prices of ordinary Por

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Prices of antibiotics to be slashed soon in Bahrain

Prices of some of Bahrain's most popular antibiotics are set to be slashed later this year, as part of a nationwide drive to reduce the cost of medication. Commonly prescribed medicines such as azithromycin or 'Zithormax&#

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Brent weakens below $103 on rising supply

Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices. October Brent crude was down 13 cents to $102.50 a barrel by 1122 GMT. US crude

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Asking prices for UK homes slump in August

Asking prices for houses in Britain have fallen at the sharpest pace on record for the month of August, led by a drop in London, as the market gets ready for higher interest rates, a survey showed on Monday. Prices of property com

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