Halima Zahzah

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Credit Suisse thinks oil prices could fall as the market approaches 'super contango'

That means that the futures contract price is higher than the expected price. So for example, people are entering into futures contracts at say, $60 a barrel, but actually expect the future price to be lower at say, $50. This difference usually accounts for various real world things like the cost …

Oil

Plummeting oil price casts shadow over fracking's future

<b>Climate News Network:</b> The price of oil has dropped to around $55 per barrel, but fracking companies need prices of $60-100 per barrel to break even

Why oil prices keep falling — and throwing the world into turmoil

The plummeting price of oil is still the biggest energy story in the world. It's bringing back cheap gasoline to the United States while wreaking havoc on oil-producing countries like Russia and Venezuela.<p>But <i>why</i> does the price of oil keep falling? Back in June 2014, the price of Brent crude was up …

The high cost of falling prices

FOR central banks in the rich world, two is a magic number. If prices rise at 2% a year, most shoppers can more or less ignore their slow ascent. And …

What caused the big fall in oil prices?

After a period of relative stability, the Brent price of crude oil – commonly considered a proxy for the global price of oil – recently experienced a …

GCC banks to come under pressure from oil slump

The global banking system will probably benefit from the dramatic fall in the price of oil – but the energy-revenue reliant banks of the GCC could …

Saudi Aramco cancels rig contract

HOUSTON, Feb. 26 (UPI) -- U.S. rig company Hercules Offshore said Thursday one of its drilling contracts with the main oil company in Saudi Arabia …

Oil markets ending week on high note

NEW YORK, Feb. 27 (UPI) -- Crude oil prices rebounded Friday on revised U.S. economic data, recovering from midweek slumps sparked by OPEC comments …

Most in OPEC are Nervy But Saudis Aren't

As Brent slid back below $60 per barrel this week before recovering, non-Arab members of OPEC began their latest round of whining about the oil price accompanied by customary calls for an “extraordinary meeting of ministers”. That’s an unscheduled kerfuffle to haggle over the cartel’s production …

Oil

OPEC's Oil Price War Is Paying Off, But It's Far From Over

There's no reason to think OPEC won't keep the war against U.S. shale going for the foreseeable future.<p>The impact of OPEC's decision to keep oil …

Oil

Low Oil Price May Stifle Deepwater Drilling And Oil Sands But Not Fracking

Saudi Arabia and OPEC may have dropped oil prices to stifle production in the U.S. and other competing nations, but they didn’t drop it enough to stifle the U.S. oil and gas boom from fracking, a senior expert with McKinsey and Company said in Chicago.<p>“If the Saudis think they’re going to put U.S. …

Oil & Gas Industry

Falling Oil Prices Will Not Affect UAE Banks’ Growth- ENBD CEO

Wednesday 18 February 2015<p>Healthy levels of government spending will insulate UAE banks from any negative effects of the oil price fall, Emirates NBD …

Oil

Oil May Fall Again Says Analyst Who Predicted ’09 Rebound

Oil prices could drop again later this year as a supply glut persists, according to Jason Kenney, a Banco Santander SA analyst who accurately …

plus Gold rates, sport scores, city guides, prayer times, Dubai financial data, weather forecasts and more

TopStories<p>The three-day visit, from July 19 to 21, aims to deepen trade and cultural ties<p>President Xi’s visit to further strengthen relations, says …

The Saudi project, part two

STAGE one of Saudi Arabia’s plan—or perhaps hope—to restructure the oil market is taking longer than expected. By refusing to rein in production …

Weak oil price will help to keep UAE inflation low, says economy minister

The weak oil price should help to contain inflationary pressure in the UAE this year, the economy minister said.<p>Sultan Al Mansouri expects inflation …

Why the oil price drop matters

After three years of unusual stability around $100 a barrel, oil prices fell steeply in the second half of 2014, dropping from $115 a barrel in June …

Saudi Aramco finds eight new oil and gas fields

LONDON: Growth in Saudi Arabia’s non-oil sector has reached its highest level this year as confidence in the Kingdom starts to return, a survey found.<p>…

Three reasons for the oil price drop

Since last year, the price of oil has approximately halved. Around the world, companies and countries are asking themselves whether we have already …

Oil drops as gain in Saudi Arabian output boosts Opec production

<b>Melbourne:</b> Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting Opec’s output beyond its collective quota …

Report notes strong Saudi fiscal ‘buffers’

Saudi Arabia has fiscal buffers enabling it to cover projected deficits while oil prices are low for at least 4 years and perhaps more than 8 years, …

Oil prices recover from Monday's loss

Geopolitical issues helped oil prices recover ground lost during the previous session, with Brent crude oil moving Tuesday back above $60 per barrel.

Oil

U.S. oil rises, Brent pares losses on Iran news

NEW YORK (Reuters) - U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles.<p>Comments from Saudi Arabia’s oil …