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Tag Archives: Opec

Fuel prices in UAE for April 2018

he Ministry of Energy and Industry has announced new petrol prices for the month of April in the UAE. The prices announced on Wednesday include VAT (5 per cent). The per-litre fuel prices for April are as follows: Super 98 — Dh2.33 (Dh2.33 in March), Special 95 — Dh2.22 (Dh2.22 in March), E-Plus …

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Big banks accept Opec was right as they embrace oil near $80

Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices. Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of bullish forecasts in the past fortnight. They’ve abandoned their scepticism and are accepting that Opec’s output cuts are …

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Oman’s economy seems to be in correction mode

Jasim Ali, Special to Gulf News The Omani economy is doing fine in the ongoing environment of continuing socioeconomic challenges. What’s more, multinational agencies are projecting improved performances in the medium-term for the sultanate on the assumption of stronger oil prices. Also, the preliminary projections for 2018 budget assume stronger …

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GCC economies to remain resilient to lower oil prices

By Babu Das Augustine, for Gulf News- Gulf Cooperation Council (GCC) economies can withstand the pressures resulting from lower oil prices without having to make significant policy adjustments but, if needed, will likely adjust their fiscal policies accordingly, said analysts. “In general, we believe there is greater tolerance for fiscal …

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Opec output cut ruled out

THE LEVANT – Opec is unlikely to cut oil production in an effort to prop up prices because such a move would not necessarily be effective, Kuwait’s oil minister Ali Al Omair was quoted as saying. Brent crude oil settled at $90.21 a barrel on Friday after earlier falling to …

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