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Plunge in oil prices a panacea for crude-reliant Asia
Partly because of the shale oil boom in the US, the world is awash in oil but demand from major economies is weak so prices are falling.
Oil plunge to have lesser impact on UAE economy
The oil prices tumbled 30 per cent since June 2014 to $79 a barrel from $115 a barrel.
OPEC keeps oil output on hold despite low prices
Brent crude oil falls $3 to lowest since September 2010 at under $75 a barrel
Oil drop: UAE, Kuwait and Qatar can balance budget
UAEís Oct PMI advanced at a brisk pace, touching new highs
Saudi Arabia, UAE signal no push for Opec oil cut
Opecís 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
Qatarís 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 Opecís biggest producer have told Reuters.
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