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.
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"We would like to see the price coming down and we are working to bring it down," said the Gulf source.
September 18, 2012 2:34Get 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 5:16Hope 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 11:14Bahrain 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