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Look for oil prices to spike if hostility between Iran and Saudi Arabia gets worse

If friction between Saudi Arabia and Iran persists, in addition to attacks on targets such as embassies, look for oil’s first move of the new year to be a spike. A furor has erupted in both countries, and across the ...

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Low oil to hit capital flows into GCC real estate

It said reported that the rebalancing of the fiscal position across the Gulf region due to the lower oil prices will result in headwinds and challenges for the real estate over the next 12 months. The lower oil prices are ...

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Iran oil minister blames OPEC oversupply for low crude prices Read more at Reutershttps://www.reuters.com/article/iran-opec-idUSL8N13V09I20151206#oDjzOwvygV1T3adb.99

OPEC members that supply too much crude oil to the market are responsible for low prices, Iran’s oil minister said on Sunday, two days after the cartel failed to agree on a production ceiling. The Organization of the Petroleum Exporting ...

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Oil Prices: Low for Longer

Driving into the gas station this morning, I was thrilled to see I could fill up my car with top-grade gasoline for under $3.00 a gallon (and yes, that is much higher than the U.S. average since I have the ...

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Falling Oil Prices Trigger Japan Trade Surplus for October

Japan racked up a trade surplus last month as exports of cars, computers and other goods grew, while imports dipped on falling oil prices. Government data released Thursday showed that the trade surplus totaled 111.5 billion yen ($903 million) in ...

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Oil prices seen under pressure as Paris attacks spark demand worries

Prices of oil and other commodities will come under renewed pressure on Monday on fears that Friday night’s deadly attacks on Paris will further slow the global economy. Oil is already trading near its six-year lows and healthy demand has ...

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Oil prices will not hit USD 100 per barrel anytime soon

A senior official has said that higher oil prices are not always good for the market and the levels witnessed last year cannot be expected anytime soon. Mr Abdullah Bin Hamad Al-Attiyah former Qatar energy minister said that higher prices ...

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Oil slips on China data, Russian output as gasoline weighs too

Reuters reported that oil prices fell after soft Chinese factory data raised worries about energy demand in the No. 2 economy, while record high Russian crude output suggested little easing in the global supply glut. Also pressuring crude futures were ...

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Saudi Arabia to run out of cash in less than 5 years

If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund this week. That includes OPEC leader Saudi Arabia as ...

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Low oil prices affecting remittances from Middle East

The continued decline in the prices of oil in the world market has started to make a dent on the amount of money sent home by Filipinos working and living in the Middle East. Data from the Bangko Sentral ng ...

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