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Opec set for tough meeting, further price fall fearedOpec is heading for a tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook and as the prospects of a US interest rate hike could push oil prices even lower. More… |
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The oil price is just plain wrongEdward Hadas is a Reuters analyst. Any opinions expressed here are the author's own. The oil price is still too high, often too low and much too volatile. In other words, this is a market that doesn’t work well More… |
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Saudi keeps oil supply high despite price fallLeading Opec producer Saudi Arabia has left supply to Asian and European customers unchanged in September despite a heavy fall in oil prices in the past week as global economic growth slows. Industry sources and traders told Reuters the ki More… |
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Dubai property prices 'may plunge 60pc'Dubai real estate prices could fall as much as 60 per cent in 2009 from their peaks in July last year, while Abu Dhabi may slide as much as 20 per cent, Shuaa Capital said on Sunday. Real estate prices have fallen by around 40 per cent in More… |
