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OPEC

factory petro-hemicals

Why Saudi Arabia Won’t Cut Oil Production

27/08/2015(0)
Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of ... Read More
oil-well

Mideast Stocks Fall as Saudi Arabia Mulls Budget Cut on Oil Drop

26/08/2015(0)
Dubai’s benchmark gauge is biggest decliner in region Brent crude has dropped almost 60 percent in 12 months Most Middle Eastern stock markets declined amid mounting concern the region’s largest ... Read More
saudi-arabia

Oil’s Drop Puts Spotlight on Saudi Arabia

25/08/2015(0)
Some OPEC members call for renewed discussions within cartel about restraining production The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping ... Read More
oil-well

Oil Poised for Longest Weekly Losing Streak Since 1986 Amid Glut

21/08/2015(0)
Oil headed for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged. Futures ... Read More
arab markets

Saudi Arabian stocks tumbled entering a so-called death cross

18/08/2015(0)
Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing Saudi Arabian stocks tumbled, entering a so-called death cross, after the International Monetary Fund said the drop in ... Read More
dollar-1

Dollar Gains as Yuan Fallout Continues for Emerging Assets

17/08/2015(0)
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge ... Read More
oil-well

Oil wars: OPEC is winning

13/08/2015(0)
OPEC’s strategy to pump like crazy despite collapsing oil prices seems to be finally paying off: The U.S. oil industry is showing cracks. Oil supply from non-OPEC countries is ... Read More
oil - petrol - A man fills up his car

IEA Sees Oil Glut Enduring in 2016 After Reaching 17-Year High

12/08/2015(0)
The global oil glut will last through next year as surging demand and faltering supply growth fail to clear the surplus, according to the International Energy Agency. Record inventories ... Read More
oil-well

The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran

12/08/2015(0)
June – July 2015 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 2.5 million barrels per day (b/d) in June ... Read More
factory petro-hemicals

Oil price slumps to lowest level in more than 6 years

12/08/2015(0)
The price of U.S. crude oil has tumbled to its lowest level in more than six years. Benchmark U.S. crude fell $1.88, or 4 percent, to settle at $43.08 ... Read More
Broker Cyprus TopFX