close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Saudi Arabia acting to lower oil prices

Saudi Arabia lowering oil prices

"We would like to see the price coming down and we are working to bring it down," said the Gulf source.

0

September 18, 2012 2:34 by



Saudi Arabia is acting to lower oil prices, a senior Gulf source said on Tuesday, adding that the majority of OPEC producers wanted oil prices around $100 per barrel.

The Gulf source told reporters the oil market was well balanced with no shortage of oil supply.

Saudi Arabia was producing around 10 million barrels per day (bpd) of crude and other members of the Organization of the Petroleum Exporting Countries would be increasing output over the next few months.

“We would like to see the price coming down and we are working to bring it down,” said the Gulf source.

“The price now, we believe is high, and it’s not supported by fundamentals at all. It’s just speculation and geopolitics.”

“The majority of OPEC countries prefer around $100, including Saudi Arabia,” he said, adding that $100 per barrel was “right now the ideal price for the majority of OPEC countries … the majority is all except one or two.”

“We think the oil market is well balanced,” the Gulf source added.



0

Tags: , , ,

Leave a Comment