Just in:  

You are here: Home»Markets»Energy»Middle East & Africa

Middle East & Africa


Crude oil ought to be $150 per bbl: Iran  DUBAI: Crude oil should be at least $150 per barrel, Iran's oil minister was quoted as saying on Sunday, and the sanctions-hit country's OPEC governor said current oil prices were not high enough to threaten the world economy. Benchmark Brent crude prices rose to nearly $118 a barrel on Friday, stoking fears that surging energy costs could harm fragile economic growth. Days earlier, Saudi Oil Minister Ali al-Naimi said he was worried by high prices and the kingdom would take steps to moderate them. Iranian oil officials say oil prices are still fairly low and deny there is any danger of current prices hampering growth. Iranian oil minister Rostam Qasemi said on Sunday crude oil ought to be at least $150 per barrel, the Iranian Students' News Agency (ISNA) reported. "During the winter, oil prices always climb," Qasemi said. "So it's natural that this year as well we will have a rise in oil ...

Iraq sees exports reaching 6mn bpd by 2017  BAGHDAD: Iraq's Oil Minister Abdul-Kareem Luaibi said on Saturday he expected oil exports will reach 2.9 million barrels per day next year before hitting 3.5 million bpd in 2014 and 3.75 million bpd in 2015. Luaibi told an oil conference in Baghdad that exports will reach 6 million bpd by 2017. Current production in the OPEC country is at 3.2 million bpd, and exports so far are at an average of 2.6 million bpd. "We expect exports for ...
Iraq BAGHDAD: Iraq's oil exports so far this month are at an average of 2.6 million barrels per day with production at 3.2 million bpd, the country's oil minister told reporters on Saturday.   Copyright Reuters, 2012 ...
Kenya regulator raises fuel prices NAIROBI: Kenya's energy regulator raised fuel prices on Friday, saying this was due to rising international crude oil and refined product prices, increasing the likelihood of higher inflation. Fuel prices have a big effect on the year-on-year rate of inflation, which fell to 6.09 percent in August from 7.74 percent a month before. The Energy Regulatory Commission (ERC) raised the maximum price of a litre of super petrol in the capital, Nairobi, by 2.47 shillings to 108.95 ...
Iraq, Kurds reach preliminary oil deal: officials  BAGHDAD: The Iraqi government and Kurdistan struck a preliminary deal on Thursday on a months-long oil dispute that will see the autonomous region export 200,000 barrels of oil per day, officials said. Kurdistan halted its oil exports via the federal government on April 1 over $1.5 billion it said is owed to foreign oil companies working in the region that Baghdad has allegedly withheld, but then resumed them again on August 7, in what was billed ...
Rwanda to double power output with peat-fuelled plant  KIGALI: Rwanda plans to almost double its electricity generating capacity by burning peat under a 220 million euro ($283 million) deal it signed with a Turkish company on Tuesday to build and run a power plant, the government said. The project, which will be operated by Hakan Mining and Generation Industry and Trade Inc., is expected to produce 100 megawatts (MW) annually once it is running at full capacity. "The implementation of the peat-to-power plant will result ...
High oil price not justified by market fundamentals: Saudi RIYADH: Saudi oil minister Ali Naimi said on Monday the high price of crude was not justified by market fundamentals, stressing that supply and demand are balanced.   "Saudi Arabia is concerned about rising oil prices in the international oil market. The current high price of oil is simply not supported by market fundamentals," he said in a statement.   "The market is well balanced, forward cover remains within an acceptable range and inventories are more than adequate," he ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

where to buy

cheap wedding dresses

online -

Buy cheap Nike Mercurials cleats at
cheap wedding dresses on - Best Online Wedding Store

Banking Review 2013

Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln