The UAE will lower domestic prices for gasoline and diesel in December, the ministry of energy said on Thursday.
The price of a litre of octane 95 gasoline will drop 1.15 percent to Dh1.68 ($0.46) from Dh1.70 i
Opec cannot allow an oil price war and must take action to stabilise the crude market soon, Venezuelan oil minister Eulogio del Pino said.
"Opec has to do something very soon ... We don't agree with th
Iran's new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian official told Reuters on Saturday.
Iran is trying to lure back international oil co
Oil prices plunging to six-year lows will not affect the development of oil and gas infrastructure in Bahrain, Energy Minister Dr Abdulhussain Mirza has said. Addressing a panel discussion at the Arab Petroleum Investments Corporat
Oil pricing agency Platts said on Wednesday it will add Qatar's Al Shaheen and Abu Dhabi's Murban crude to its Dubai and Oman benchmarks from January 2016 to boost the liquidity of its price assessment process.
The extended slump in oil prices is taking its toll on Bahrain’s spending policies, said the Premier yesterday (November 16). Responding to low prices which are squeezing state revenues, he urged a conservative financial policy to withst
The real estate agents indicate another fall in average sold prices of properties in Dubai, UAE, but new buyer enquiries are moving closer to stabilisation, according to a new report.
Relatively cautious investor sentiment, especi
Internal Opec squabbles are on the rise as members argue about the need to support a fair oil price and boost revenues just as they feel more pain from low crude prices, an internal Opec report seen by Reuters this week showed.
Menus at restaurants across Bahrain are being rewritten as owners try to account for the higher cost of meat. Some have even stopped selling lamb, mutton and beef dishes altogether, following government subsidy cuts at the start of the month,
Traders in Bahrain have been warned not to exploit the subsidies situation by increasing meat prices. Anyone caught profiteering will face tough penalties, Industry, Commerce and Tourism Minister Zayed Al Zayani vowed yesterday (October 6), sa