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Oil prices drop as growing supplies stoke glut concernsOil 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 More… |
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Oil prices drop on returning Libya, Nigeria suppliesOil 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 More… |
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Dubai residential market sees mixed performanceDubai'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 More… |
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Oil prices slide as oversupply concerns weighOil 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 More… |
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Oil rises on smaller build in US crude stocksOil 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 More… |
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Shares crumble as oil falls, bond yields soar on stimulus doubtsAsian 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 More… |
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Nigeria refuses petrol price rise despite crude, currency crisesNigeria 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 More… |
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Nigeria refuses petrol price rise despite crude, currency crisesNigeria 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 More… |
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Dubai Parks and Resorts announces daily ticket pricesDubai Parks and Resorts has announced daily ticket prices for the much-anticipated theme park destination which will open on October 31 this year. Pre-purchased standard adult tickets will range from Dh240 ($65.3) to Dh330 ($89.8) More… |
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Oil rises as dollar retreats from 2-week highOil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $ More… |
