Saturday 10 December 2016
 
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Oil price slips further, markets focus on supply overhang

Friday morning saw oil prices fall, as markets turned their focus to a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output, said a report. Internatio

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Oil prices stay strong at over $50/barrel

Oil prices settled above $50 in early Asia trade Friday, owing to declining US inventories and reports that key members of the Organization of the Petroleum Exporting Countries (Opec) and Russia will meet next week to discuss Russia’s part

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Oil prices drop as growing supplies stoke glut concerns

Oil prices fell more than 1 per cent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fuelled concerns that the global glut will persist. Benchmark Brent crude futur

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Oil prices drop on returning Libya, Nigeria supplies

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. Brent crude futures were trading at $46.20 per barrel at 0643 GMT, dow

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Dubai residential market sees mixed performance

Dubai's residential market witnessed a mixed performance in August, said a report by ValuStrat, a leading consulting firm headquartered in Dubai providing advisory, valuation, research, due diligence and divestment services. The Aug

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Oil prices slide as oversupply concerns weigh

Oil prices extended losses on Wednesday after falling by as much as 3 per cent in the previous session amid concerns that rebalancing the global oil market will take longer than originally envisaged. Prices had been supported earl

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Oil rises on smaller build in US crude stocks

Oil prices firmed on Wednesday after falling by as much as 3 per cent in the previous session, as data from an industry group showed a smaller-than-expected build in US crude stockpiles. The American Petroleum Institute (API) repo

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Shares crumble as oil falls, bond yields soar on stimulus doubts

Asian shares wallowed near six-week lows on Wednesday, bruised by a fall in oil prices on renewed worries about a supply glut and as investors grew nervous about the diminishing capacity of the world's major central banks to shore up economi

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Nigeria refuses petrol price rise despite crude, currency crises

Nigeria will not increase its gasoline prices, President Muhammadu Buhari told his oil minister and state oil firm head, summoned to his villa last week, sources at the compound said. Oil Minister Emmanuel Ibe Kachikwu, the head o

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Nigeria refuses petrol price rise despite crude, currency crises

Nigeria will not increase its gasoline prices, President Muhammadu Buhari told his oil minister and state oil firm head, summoned to his villa last week, sources at the compound said. Oil Minister Emmanuel Ibe Kachikwu, the head o

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