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Saudi Arabia acting to lower oil prices

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

September 18, 2012 2:34

A CRUDE SHOCK: Oil Prices Re-Enter The “Danger Zone”

Get ready for a prolonged slowdown in the major industrial economies warns John Kemp, if Brent crude oil prices stay substantially above $100 per barrel, the economies of the United States and Western Europe will almost certainly struggle in the next few months.

September 4, 2012 5:16

Oil higher on stimulus hopes, Iran tensions

Hope for stimulus measures bolsters oil prices; U.S. Navy fires on fishing boat off UAE; Weak U.S. retail sales data limits U.S. crude rise

July 17, 2012 11:14

Gulf $20 billion aid fund not yet capitalized-Bahrain

Bahrain expects allocation from Gulf fund soon; Budget deficit $83 mln in 2011, lowest in 3 years; Spending at $7.6 bln in 2011, seen at $9.8 bln in 2012; Oil prices well below budget break-even point

June 20, 2012 5:46

UAE’S ADNOC offers Naphtha at record highs

Abu Dhabi National Oil Co has offered term contracts for three naphtha grades at $28.00-$29.50 a tonne premium to its…

May 21, 2012 8:57

Oil Dips on Euro Zone Worry

Oil edged lower on Monday under pressure from revived concerns about a euro zone economic slump and political uncertainty, while a North Sea production problem, worries about Iran, and potential supply disruptions limited losses.

April 24, 2012 9:10

Oil Dips on Euro Zone Worry

April 24, 2012 9:10

Oil Dips on Euro Zone Worry

April 24, 2012 9:09

Brazil Concerned Over Iran, Oil Prices – Sources

Brazilian President Dilma Rousseff expressed concerns to U.S. President Barack Obama on Monday that sanctions against Iran could increase tensions in the Middle East and cause a sharp rise in oil prices, sources told Reuters.

April 10, 2012 9:47

Oil up near $116, Iran, Italy eyed

Italian debt woes weigh on market; Brazil's Petrobras oil workers call Nov 16 strike

November 8, 2011 2:35

Qatar joins Mexico with oil hedge

Qatar hedges oil exports, brokers est 200,000 bpd; Mexico hedges bulk of its net exports

October 27, 2011 2:05

UAE 2011 real GDP growth seen at 4.2 percent

Robust oil prices, diversification key drivers; More optimistic than Reuters poll of analysts; Stats office may revise 2010 GDP data next month

October 18, 2011 4:44

ENOC’s plea for support

Emirates National Oil Company (ENOC) sent out a statement outlining the cause and effect of occurrences earlier this year, from the closure of some of its stations to the burdens of subsidised oil prices.

October 15, 2011 4:52

Oil drops more than $2 on debt, growth worries

Euro zone debt crisis stokes risk aversion; Chinese August oil demand growth lowest this year; Speculators cut net long crude positions on NYMEX, ICE; Tropical Storm Nate makes landfall in central eastern Mexico

September 12, 2011 2:45

US recession fears fuel drop in Brent crude below $112

Brent crude fell below $112 a barrel on Monday, as fears of another US recession slowing fuel demand overshadowed supply concerns over a major shutdown of offshore oil production forced by Tropical Storm Lee.

September 5, 2011 10:20