Saudis plan unprecedented subsidy cuts to counter oil price plunge
Confronting a fall in oil prices and mounting regional turmoil, Saudi Arabia reduced energy subsidies and allocated…
Browsing Tag
oil prices
European stocks propped up by rise in Britain’s FTSE
A rise in Britain's stock market, where commodity-related companies climbed on the back of a further rebound in…
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Property stocks weigh as Dubai hits 12-month low; Gulf markets weak
Dubai's index hit a 12-month low and other Gulf markets also retreated early Monday as a renewed slump in oil…
Dubai stocks hit two-week low, other Gulf markets slip
Dubai's stock index slumped to a two-week low in early Wednesday trade as the prolonged fall in oil prices weighs…
Gulf should adjust to new oil price ‘reality’: IMF
Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the…
Oil Prices Rise On Lower U.S. Rig Count Although China Still Worries
Oil prices rose on Monday as the number of U.S. rigs fell for a sixth week, while investors waited for Chinese…
Oil up as Russia mulls OPEC talks, rig count drops
Oil rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have…
Oil inches higher on uptick in market sentiment
Oil prices stayed in positive territory in Asian trade Thursday, triggered by stronger market sentiment across…
Oil prices go down on slowing global economic growth outlook
Oil prices dropped in Asian trading hours Monday despite a fall in U.S. drilling activity for the fourth straight…