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oil market


Markets lackluster as summer lull deepens

Gulf Arab bourses are likely to remain lacklustre on Monday as a summer trading lull, regional political tensions and sustained volatility on global equity and oil markets make investors wary of raising their risk exposure.

July 16, 2012 11:55

Summer demand buoys premiums for Middle East gulf products

Rising summer electricity, vehicle and jet fuel demand in the run-up to Ramadan have boosted fuel premiums in the Middle East Gulf and are likely to support prices throughout the holy month, traders said.

July 11, 2012 4:39

Saudi Aramco CEO says extra oil supply needs met

Oil market has eased from 2-1/2 year-high.

February 28, 2011 10:28
Bahrain unrest could trigger oil price hike

Bahrain unrest could trigger oil price hike

Unrest in Bahrain continues to push up the price of oil. The BBC’S Brian Milligan has the story.

February 20, 2011 4:05
Unrest in Egypt unsettles the oil market

Unrest in Egypt unsettles the oil market

The BBC's Jon Bithrey investigates how the uprising in Egypt is pushing up the price of oil.

February 2, 2011 1:31

IEA cuts 2011 oil demand growth estimate, ups 2010

The IEA revised its 2011 growth forecast down by 60,000 bpd to 1.21 million bpd from its previous report.

October 13, 2010 1:06

OPEC stands by oil price and output policy

Weak fundamental outlook gives cause for concern.

October 12, 2010 2:48