Nigerian minister says a "couple" of members of the Opec had requested an emergency meeting.
Nigerian minister says a "couple" of members of the Opec had requested an emergency meeting.
The accelerated oil price drop since the beginning of the year has been largely blamed on China's stock market turmoil.
New prices in Bahrain to be effective from Tuesday, while in Oman it will be from January 15.
The consumer will be paying Dh44 per 25lb cylinder from the earlier retail price of Dh46.
The gap between implied volatility and actual volatility has grown to almost its widest since the financial crisis.
Gold rallies on China woes, oil glut and geopolitical tension.
Analysts expect kingdom to make a small stake offering
Dubai Sustainable Cities Summit was organised by the DLD in collaboration with the United Nations Environment Programme.
Oil prices have fallen by around 70 per cent since mid-2014, hurting oil companies and governments that rely on crude revenue.