Friday 27 February 2015
 
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Oil

‘Qatar’s plans will be unaffected by lower oil prices’

Qatar’s plans will not be affected by lower oil price, but there may be more opportunities for private finance to play a role in the country’s infrastructure, according to experts. Mamoon Alameen, a specialist on proje

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Brent approaches $61, set to end 7-month losing streak

Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. A reduction in rig counts

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Saudi to hike April crude selling price for Asia

Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market.

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Saudi oil market strategy beginning to pay off

Opec kingpin Saudi Arabia is feeling vindicated after a strategy of allowing oil to flood the market has begun to achieve what it was aiming for. As a global oil glut pushed prices down 60 per cent between June 2014 and January 20

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Saudi to hike April crude OSPs for Asia

Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market.

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Oil price decline 'has caused knock-on effect'

Oil prices are an essential component of the revenue structure for most regional economies and an essential lifeline for those who rely on oil production revenue, according to an expert. During an interview with Euromoney Conferen

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Oil price decline 'has caused knock-on effect'

Oil prices are an essential component of the revenue structure for most regional economies and an essential lifeline for those who rely on oil production revenue, according to an expert. During an interview with Euromoney Conferen

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Islamic State threatens security of oil firms

A key source of funding for the Islamic State is illicit oil trafficking, which has led to huge financial losses for the affected oil companies, according to recent reports. IS also poses major security concerns for these companie

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Oil demand is growing, markets calm: Al-Naimi

Saudi Arabia's Oil Minister Ali Al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments since the price of crude rebounded from a near six-year low. Oil crashed by 60 pe

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Bahrain's banking liquidity remains strong

Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Central Bank of Bahrain Governor Rasheed Al Maraj said yesterday (February 24).

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