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Tag Archives: oil prices

Oil up on Iran sanctions

Crude oil prices rose more than 1.0 per cent on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline as investors worried that global trade disputes could slow economic growth and hurt demand for energy. Benchmark Brent crude oil settled 74 …

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Kuwait’s oil minister expects stable oil market

Kuwait’s oil minister, Bakhit Al Rashidi, said on Wednesday that the global oil market was approaching stability based on the current oil production levels after the recent Opec and non-Opec agreement to boost output. “It is clear today based on the current level of production that we are approaching a …

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Exxon misses on profit as output hits lowest level in decade

Investors battered the shares of America’s two biggest oil explorers after Exxon Mobil Corp and Chevron Corp posted disappointing earnings, failing to fully capitalize on rising oil prices. For Chevron, weaker-than-forecast financial results didn’t dissuade the company from resurrecting share buybacks to the tune of $3 billion (Dh11 billion) annually …

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Oil heads for a fourth weekly drop

Oil was poised for a fourth weekly decline as the unexpected halt in Saudi shipments through a Red Sea waterway failed to add a significant risk premium to prices, while concerns lingered over how the US-China trade spat will affect demand. US futures headed for a 1.4 per cent decline …

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How a surprise deal to boost world oil supply could ‘stir the pot’ in the Middle East, and pressure Saudi’s spare capacity

An impromptu agreement between the United States and Saudi Arabia to add more supply to increasingly tight oil markets is perceived as a test of the kingdom’s ability to pump more crude — and could further antagonize Iran and Venezuela, as both countries grapple with deteriorating conditions in their respective …

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Mideast M&A deals decline sharply in Q1 2018

Merger & acquisition deals across the Middle East and North Africa (Mena) region declined sharply year-on-year, falling 21.8 per cent in the first quarter of 2018, according to EY’s first-quarter 2018 M&A report. Mena M&A activity saw 93 announced deals in the first quarter of 2018, compared to 119 deals …

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