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Iran sees no hike in oil priceIran says international crude oil prices will not rise with the onset of the cold season due to the continuing global economic slump, state broadcaster IRIB quoted an official on Saturday as saying. "Due to the existing economic crisis, it More… |
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Opec talks break down, oil prices up $2Organization of the Petroleum Exporting Countries (Opec) said talks broke down in acrimony on Wednesday without an agreement to raise output after Saudi Arabia failed to convince the cartel to lift production. Immediately, oil prices jumpe More… |
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Bahrain construction sector 'on brink of crisis'Bahrain's construction industry is on the brink of a major crisis after cement imports from Saudi Arabia were halted in a row about prices, according to businessmen. Sources said manufacturers from the neighbouring country, which suppl More… |
