UAE Ministry of Economy looks to strengthen cooperation with Australia
Non-oil trade between two countries reached $2.8 billion in 2015...
Tag : oil
Trump lauds Exxon efforts to create local jobs
The oil producer plans to invest $20 billion through 2022 on the US Gulf Coast...
Saudis see no need to extend OPEC deal beyond six months
Following the announcement by Saudi Arabia’s Energy Minister Khalid Al-Falih on Monday, oil prices fell...
New $1.485 billion package to support Iraq
Expected to help counter cost of war, low oil prices...
‘The top three risks for investors in 2017 are…’
According to Nigel Green, they are the Fed, elections in the EU, oil price impact...
Investors may soon find Iraq interesting
According to World Bank, economy is expected to grow by 7.2% despite the hurdles...
Oil price down cycle ‘nearing end’: Saudi minister
“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...
Iraq refuses to cut oil production
Says the country needs funds as it is embroiled in a war with Islamic militants IFM Correspondent October 24, 2016: It is back to square one. When things were finally looking up for the oil market with Iran agreeing to stabilise the market, Iraq played a spoilsport by refusing to join any deal from OPEC...
What goes down must come up
Following a five-year decline, the commodity market is finally trending upward...
Inflation in Venezuela is expected to touch 700%
Many citizens can no longer afford to feed themselves leading to protests Marcus Turner Jones September 23, 2016: Venezuela remains in crisis, facing the largest demonstrations that the country has ever seen. The scale of the crisis has caused President Nicolas Maduro to declare a ‘constitutional state of emergency’, with rival pro and anti-government activists...