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Tag Archives: Opec

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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