Middle-east Arab News Opinion | Asharq Al-awsat

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Oil Jumps 1.7 Percent, Adds to Year’s Gains ahead of OPEC Cuts

by Asharq Al-Awsat English | Dec 27, 2016 | Business

Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. U.S. crude prices have surged 25 percent since...

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Pump jacks are seen at the Lukoil-owned Imilorskoye oil field, as the sun sets, outside the west Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin/Files

Oil Fluctuates in Thin Trading as America Votes for President

by Asharq Al-Awsat English | Nov 9, 2016 | Business

Oil prices seesawed in very thin trading early on Wednesday as traders followed with interest the U.S. presidential election that provides a voracious debate upon the direction of the country, and more importantly, provides uncertainty unto the marketplace. Brent...

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An oil pump jack can be seen in Cisco, Texas, August 23, 2015.- REUTERS/MIKE STONE

Oil Prices Rise on Weak Dollar, Strong Investor Appetite

by Asharq Al-Awsat English | Apr 27, 2016 | Business

Crude oil futures on Wednesday jumped around half a dollar and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts cautioned of this month’s bull-run soon losing impetus. Since their last settlement,...

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An oil refinery in Texas City, Texas, USA is seen in this September 16, 2008 file photo. (AFP Photo/Jim Watson/Getty Images)

Oil prices fall below $100 per barrel for first time in 14 months

by Obaid Al-Suhaymi | Sep 9, 2014 | Business

Dammam, Asharq Al-Awsat—Prices of Brent crude fell below 100 US dollars per barrel for the first time in 14 months on Monday on the back of increased supply of shale oil from the US, while energy sector experts tell Asharq Al-Awsat they expect prices to stabilize...

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This file photo shows a chimney at an oilfield in Sheikhan, northeast of the city of Mosul in northern Iraq and near the Kurdish city of Dahuk, on August 10, 2014. (AFP Photo/Ahmad Al-Rubaye)

Oil hits 9-month low on ample supply despite wars

by Asharq Al-Awsat | Aug 12, 2014 | Business

London, Reuters—Brent crude oil fell to around 104 US dollars a barrel on Tuesday, touching its lowest level in nine months as steady supplies dispelled concerns over potential disruptions in producers including Iraq and Libya. The International Energy Agency (IEA)...