The market has been flocking between the bulls and the bears, causing huge volatility in oil prices, says analyst
The market has been flocking between the bulls and the bears, causing huge volatility in oil prices, says analyst
The PMI for China's key manufacturing sector slumped to a three-year low of 49.7 in August.
Once an energy exporter, declining oil and gas production and increasing consumption has forced Egypt to divert energy supplies to the domestic market.
International benchmark Brent crude climbed 10 per cent last week but was still heading for its fourth straight monthly decline.
In its monthly price adjustments, the Ministry of Energy lowered domestic prices for petrol and diesel for September. While diesel price was slashed by 18 per cent, the price for a litre of petrol was reduced by 8.5 per cent, in line with developments on the international oil market. Dubai residents speak... Videographer: Nida Sohail/ Khaleej Times
Dubai Electricity and Water Authority urges building owners to install photovoltaic (PV) panels on rooftops to produce solar energy.
Eni said the discovery could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometres.
Average increase of 19% in petrol prices in two months expected to have minimal impact on inflation.
The new prices will come into effect starting Tuesday, September 1, 2015.