Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Energy Minister Khaled Al-Faleh, A.F.P,

OPEC: Oil Market Heading into Balance

by Asharq Al-Awsat English | Jul 4, 2016 | Business

Global oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading towards balance were tempered by slowing demand in Asia, pockets of gasoline oversupply and signs crude output could rise. Brent crude futures were...

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A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013,Reuters

Oil Heals on Pre-Holiday Buying, Dollar Weakness

by Asharq Al-Awsat English | Jul 1, 2016 | Business

Oil prices landed on steadier grounds on Friday from early losses, with traders citing potentially more optimistic investor positioning for the second half of the year and after a weaker dollar that boosted most commodities. The market also found some support after...

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OPEC Strategy Records Lowest Revenue in a Decade

by Asharq Al-Awsat English | Jun 23, 2016 | Business

Khobar- The Organization of the Petroleum Exporting Countries (OPEC) revealed in its annual report member countries registering in 2015 the lowest revenue rates since 2005. The report, issued on Wednesday, confirms figures previously circulated by the U.S. Energy...

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A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. REUTERS/Lucy Nicholson

Oil Prices Rise Ahead of U.S. Stockpile Data; Swings pre-U.K. Vote

by Asharq Al-Awsat English | Jun 22, 2016 | Business

Oil prices on Wednesday witnessed an increase above $50 a barrel, helped by an industry report showing a large drop in U.S. crude inventories and on expectations that Britain will vote to stay in the European Union in an impending referendum. U.S. crude stockpiles...

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Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. REUTERS/Carlos Garcia Rawlins

Oil Prices Near $50, U.S. Crude Hits Highest in 7 Mths

by Asharq Al-Awsat English | May 25, 2016 | Business

Oil futures marched towards $50 a barrel on Wednesday, with U.S. crude reaching its highest in over seven months. Investors have anticipated a likely decrease in the U.S. crude inventories and ongoing supply outages elsewhere in the world, which could curtail global...