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Tag Archives: oil prices

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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What 2018 holds for the UAE

The Levant News Exclusive – by Mohamad Hassan -Dubai – The UAE is considered the second-largest economy in the Arab world (after neighboring Saudi Arabia) and a regional business hub with economic growth of 1.4% in 2017 and a positive economic outlook in 2018. Moreover, it ranked 16th in the Global …

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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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Opec cuts in focus as energy event kicks off

The Abu Dhabi International Petroleum Exhibition and Conference (Adipec) opened its doors on Monday morning, amid a slightly recovering oil prices, providing attendees with some cause for optimism. The four-day event was opened by Shaikh Hazza Bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, who toured the …

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Iraqi Kurds Offer to Freeze Independence Referendum Results

Iraq’s semi-autonomous Kurdistan Regional Government said it’s prepared to freeze the results of last month’s independence referendum that triggered deadly clashes with government troops and hurt oil exports. The KRG also proposed an immediate ceasefire and talks with the central government in Baghdad “on the basis of the constitution.” “As …

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BHP to quit U.S. shale business as annual profit surges

BHP Billiton (BHP.AX), the world’s largest miner, reported a surge in underlying full-year profits on Tuesday and said it would exit its underperforming U.S. shale oil and gas business, pleasing disgruntled shareholders who had called for a sale. The Anglo-Australian mining giant, which is under pressure from U.S. hedge fund …

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