Home / Tag Archives: Opec

Tag Archives: Opec

Shale boom to keep oil markets under pressure

Oil markets are expected to remain pressured throughout 2018 due to a rise in shale production, experts said. Oil prices are currently trading higher due to the strict implementation of an output cut agreement by the Organisation of Petroleum Exporting Countries (Opec) and non-Opec members, which seeks to lower global …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »