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    Oil plunges to 2002 lows, shares sink again

    Oil plunges to 2002 lows, shares sink again

    30 Mar 2020

    Oil took another stomach-churning 8% dive on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright...

    Saudi Aramco to raise output capacity to 13m barrels per day

    Saudi Aramco to raise output capacity to 13m barrels per day

    11 Mar 2020

    Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in...

    Oil prices, stocks plunge as coronavirus closes sites around world

    Oil prices, stocks plunge as coronavirus closes sites around world

    09 Mar 2020

    The world’s largest economies delivered more worrisome cues on Monday as anxiety over the virus outbreak sent stock and Oil prices plunging and closed sites from the Sistine Chapel...

    UK inflation at six-month high in January as fuel prices rise

    UK inflation at six-month high in January as fuel prices rise

    19 Feb 2020

    British inflation unexpectedly rose to a six-month high in January, pushed up by higher petrol prices and a smaller-than-usual drop in airfares, official data showed on Wednesday. UK inflation in...

    Oil up nearly 2% ahead of Opec output talks, global stocks gain

    Oil up nearly 2% ahead of Opec output talks, global stocks gain

    04 Dec 2019

    Oil gained on Wednesday ahead of an expected extension to production curbs by Opec and its allies, with further support from industry data showing a larger than forecast drop in...

    UAE reduces fuel prices for next month

    UAE reduces fuel prices for next month

    29 Oct 2019

    Fuel prices for November fell slightly by 3-4 fils compared to the current October prices. The Fuel Price Follow-up Committee announced the fuel and diesel prices for November with the...

    Oil shipping rates from US to Asia touch 3-year high

    Oil shipping rates from US to Asia touch 3-year high

    02 Oct 2019

    Freight rates for US crude tankers bound for Asia were bid up to a more than three-year peak this week as US sanctions on a Chinese transport giant cut...

    Saudi Arabia’s business morale at three-month high in Q3

    Saudi Arabia’s business morale at three-month high in Q3

    06 Sep 2019

    Business Bureau, Gulf Today Saudi Arabia’s non-oil private sector regained momentum midway through the third quarter of this year. Stronger domestic demand drove a faster upturn in output, which recovered...

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    28 Aug 2019

    LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60...

    Fuel prices drop by up to 24 fils per litre for July

    Fuel prices drop by up to 24 fils per litre for July

    28 Jun 2019

    The Fuel Price Follow-up Committee at the Ministry of Energy and Industry approved the fuel and diesel prices for July including the value added tax from Monday, July 1....

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