Oil Gas & Utilities

Posted: 10-08-2011
INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya. Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report. “Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
Posted: December 11, 2014
UAE. Dubai stocks dropped the most since October 2008 and equity markets across the oil-producing Gulf Cooperation Council tumbled after OPEC reduced its estimate for crude demand in 2015.
Posted: December 10, 2014
UAE. The need to press ahead with the continued diversification of the economy is one of the principal reasons why Abu Dhabi and the UAE are not expected to slow project spending despite falling oil prices.
Posted: December 10, 2014
INTERNATIONAL. From a Russian default to a UK housing shock and a market-decimating volcano eruption to an online-shopping hijack. Saxo Bank has mixed the brilliant with the outlandish to, at the very least, offer food for thought and perhaps to flavour your trading portfolios in 2015.
Posted: December 10, 2014
SAUDI ARABIA. Shell, together with the British Council and The Riyadh Chamber of Commerce today hosted the 2014 Intilaaqah Graduation Ceremony for Entrepreneurs.
Posted: December 9, 2014
KUWAIT. I think oil prices will stay around the current level until OPEC changes its production policy, or recovery in world economic growth become more clear, or a geopolitical tension arises.
Posted: December 9, 2014
INTERNATIONAL. The energy sector continues to drive down overall performance by commodities and during the past week some early signs of recovery quickly ran out of steam.
Posted: December 9, 2014
INTERNATIONAL. The decision not to cut production led many observers to conclude that OPEC has largely lost the ability to upwardly influence prices. But this determination ignores the wider geopolitical considerations that may be convincing Saudi Arabia to be perfectly content, for now, with lower prices.
Posted: December 6, 2014
INTERNATIONAL. The ratings agency affirmed the strong "AA-/A-1+" credit ratings for Riyadh over the "strong external and fiscal positions" it has built up in the past decade when oil prices were too high.
Posted: December 5, 2014
INTERNATIONAL. State-run Saudi Arabian Oil Co. extended its discount for Arab Light sales to Asia next month to US$2 a barrel below a regional benchmark. That's the lowest in at least 14 years.
Posted: December 4, 2014
INTERNATIONAL. Commodities have fallen to a five-year low, leaving producers of most raw materials with little to cheer about during the past month.
Posted: December 2, 2014
UAE. Falling oil prices will pose significant challenges to GCC markets, according to a new report by ICAEW. The latest Economic Insight report warns the impact of continued oil price weakness could put considerable pressure on GCC economies and affect real GDP growth, unless they step up diversification efforts.
Posted: November 29, 2014
UAE. At this juncture, the most exposed countries are Russia and Ukraine, followed by other commodity producers like Brazil and South Africa, according to QNB report.
Posted: November 27, 2014
INTERNATIONAL. OPEC took no action to ease a global oil-supply glut, resisting calls from Venezuela that the group needs to stem the rout in prices. Futures slumped to the lowest level since 2010.
Posted: November 26, 2014
INTERNATIONAL. The "market will stabilize itself," Ali Al-Naimi said. The world's largest oil exporter yesterday failed to agree a plan with Russia, Venezuela and Mexico to curb output.
Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.


date:Posted: December 19, 2014
UAE. As a gateway of opportunity for Asia, Dubai has a key role in driving growth momentum; Between 2010 and 2013, GCC-China trade grew faster than with any other significant trade partner.
date:Posted: December 18, 2014
INTERNATIONAL. A new analysis presents the key trends that will transform the global market over the next decade and beyond.
date:Posted: December 18, 2014
UAE. International tourism and a stronger middle class are shaping luxury trends, including luxury experiences and alternative luxury channels, with a focus on the consumer rather than geography.
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.