All
 

 

Just in:  

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

Middle East & Africa

Archive

Yemen sets March Masila crude OSP at $0.02/bbl premium SINGAPORE: Yemen has set the official selling price of its Masila crude for loading in March at a premium of $0.02 a barrel to dated Brent, down 40 cents from the previous month, its government said on Monday.UNIPEC UK bought the entire 1.3 million barrels of Masila crude offered by Yemen, the government said in a statement.The OSP for the March 2015 Marib Light Crude oil has been set at flat to dated Brent.The Aden Refinery Company will buy the entire 1.5 million barrels of Marib Light Crude offered by YemenCopyright Reuters, 2015 ...

Oil price fall unjustified but set to continue: Kuwait      KUWAIT CITY: Kuwait said Tuesday that the sharp fall in world oil prices is unjustified but that the market may not improve before the second half of this year."Nobody can justify the drop now," Oil Minister Ali al-Omair told reporters as prices slid towards six-year lows.Omair attributed the slide to a production glut of around 1.8 million barrels per day combined with a slowdown in global economic growth."We expect this situation to continue until the ...
OPEC cannot protect oil price ABU DHABI: OPEC cannot protect world oil prices which have plunged since June, the United Arab Emirates said on Tuesday, arguing that rising North American shale oil output needed to be curbed."We cannot continue to be protecting a certain price," UAE Energy Minister Suhail al-Mazrouei said."We have seen the oversupply, coming primarily from shale oil, and that needed to be corrected," he told participants in the Gulf Intelligence UAE Energy Forum in Abu Dhabi.Oil prices ...
Tanzania cuts fuel prices, move may dampen inflation pressure DAR ES SALAAM: Tanzania's energy regulator cut fuel prices on Wednesday to reflect lower import costs, in a move likely to further ease inflationary pressures.Fuel prices are the second-biggest drivers of inflation in the east African nation after food prices. Year-on-year inflation fell for the third consecutive month to 5.8 percent in November from 5.9 percent the previous month.The state-run Energy and Water Utilities Regulatory Authority (EWURA) cut the price of petrol in the commercial ...
UAE oil minister says oversupply may last months or years DUBAI: Oil market oversupply may last months or even years, but prices could recover if non-OPEC producers "act rationally", the United Arab Emirates (UAE) oil minister said in remarks published on Wednesday.The comment by Suhail bin Mohammed al-Mazrouei in an interview with The National daily echoed recent calls by core Gulf Arab OPEC members such as Saudi Arabia that non-OPEC producers should curb planned increases in output to help prop up sagging prices."We are experiencing ...
Oil weighs on Gulf but Saudi cuts losses on late buying DUBAI: Gulf stock markets extended their losses on Tuesday as Brent crude plunged for a second session in a row and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risky assets globally.Brent crude touched a fresh 5-1/2-year low at $51.23 a barrel on oversupply concerns. MSCI's emerging market index fell 1.0 percent to a three-week low.Saudi Arabia's main index dropped as much as 4.0 percent in a broad ...
Gulf markets fall after oil plunge; Dubai tumbles DUBAI: Gulf stock markets fell in early trade on Tuesday after Brent crude plunged 5 percent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally. Dubai's index tumbled 5.3 percent in a broad sell-off. Emaar Properties, Dubai's largest listed developer, topped trading volume as it lost 8.1 percent. However, shares in low-cost carrier Air Arabia bucked the trend and jumped 2.0 percent ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln