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Oil drop: UAE, Kuwait and Qatar can balance budget
UAE’s Oct PMI advanced at a brisk pace, touching new highs
Saudi Arabia, UAE signal no push for Opec oil cut
Opec’s meeting today will be one of its most crucial in recent years, with oil having tumbled to below $79 per barrel due to the US shale boom and slower economic growth in China and Europe.
Oil in new era: IEA
No quick rebound seen for crude prices
Qatar’s economy not affected by lower oil prices: Amir
Shaikh Tamim also said on Tuesday that the government was focusing on making its spending more efficient, and cracking down on waste and misuse of state funds.
Oil posts longest slump since 2008
US crude dipped briefly below $80 a barrel before paring losses later in the day as short sellers closed their books for the month and took profits.
Oil hits four-year low
Global growth concerns, weak demand help extend the rout
Oil heads for four-year low
Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by Opec’s biggest producer have told Reuters.
Oil drops to lowest since 2010; Opec ups supplies
Brent crude oil hit its lowest since 2010 on Friday, falling below $90 a barrel as Saudi Arabia said it increased production last month, fanning speculation of an Opec price war.
Oil declines under $92 to 27-month low
Oil prices fell to their lowest level since June 2012 on Thursday, after price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data.
Oman Oil signs $1.85b loan facility
Oman Oil Co, the sultanate’s state-run oil firm, has completed a $1.85 billion two-part loan deal with a group of mainly international lenders, two sources familiar with the matter said on Thursday, with the cash to be used for general business purposes.
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