Gulf Times - Oil-price
Brent crude to average $73 in 2018, says BMI

Brent crude to average $73 in 2018, says BMI

While geopolitical conflicts and financial market dislocations threaten the global growth outlook, BMI continues to see a broadening global economic expansion overall this year.

Qatar bourse more sensitive to large oil price changes: IMF

Qatar bourse more sensitive to large oil price changes: IMF

"When testing for the asymmetry relating to the magnitude of oil price changes, we find that stock return sensitivities are significantly higher for large oil variations in Oman and Qatar," the IMF working paper said.

Oil prices reach highest since Nov 2014

Oil prices reach highest since Nov 2014

Key crude oil prices rose by 1 percent to their highest levels since late-2014 on Monday, pushed up by a deepening economic crisis in Venezuela and a looming decision on whether the United States will re-impose sanctions against Iran.

Oil markets tense after western strikes on Syria, rising US drilling weighs

Oil markets tense after western strikes on Syria, rising US drilling weighs

Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in US drilling for new production also dragged on prices.

Umm Al Houl power plant 99% complete

Umm Al Houl power plant 99% complete

HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani on Thursday visited the under-construction Umm Al Houl Power Plant of the Qatar Electricity and Water Company (QEWC).

Too early to exit Opec oil cuts, says al-Sada

Too early to exit Opec oil cuts, says al-Sada

Opec and its allies should maintain oil supply curbs to guarantee healthy price levels which will allow increased investment in the industry and help avoid a supply and price shock in the long run, Qatar's Minister of Energy and Industry HE Dr Mohamed bin Saleh al-Sada said.

Kuwait projects $17bn deficit in 2018/2019 budget

Kuwait projects $17bn deficit in 2018/2019 budget

Kuwait on Monday announced a state budget for the year ending on March 31, 2019, that projects spending at 20bn dinars ($66.7bn) and revenues at 15bn dinars.

Oil prices set for fourth straight week of gains

Oil prices set for fourth straight week of gains

Oil prices eased from three-year highs on Friday but were still on track to end the week higher for a fourth week in a row.

Oil falls as Opec extends cuts to end-2018

Oil falls as Opec extends cuts to end-2018

Oil fell on Thursday, giving up earlier gains after Opec members agreed to extend curbs on output to the end of next year at a meeting in Vienna, though a final deal hinges on the decision of non-Opec producers, expected towards the end of the day.

Oil rises for 6th session, buoyed by US output decline

Oil rises for 6th session, buoyed by US output decline

Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in US output, but ongoing worries about global oversupply continued to drag.

May extend oil output cuts beyond 2017: Saudi

May extend oil output cuts beyond 2017: Saudi

Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an Opec-led deal to cut output during the first half of the year to be extended to all of 2017.

Oil eases from 5-week top, rising US production weighs

Oil eases from 5-week top, rising US production weighs

Crude oil eased from a five-week high on Tuesday as rising US shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices.