Middle-east Arab News Opinion | Asharq Al-awsat

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Oil Prices Plunge on Increasing OPEC Crude Production

by Asharq Al-Awsat English | May 2, 2016 | Business

Oil prices slipped on Monday as the increasing production in the Middle East overshadowed a decline in the U.S. output and a weakening dollar, while Morgan Stanley warned that an emerging gasoline glut could also spill back into crude markets. Brent was trading at...

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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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Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin

Doha Meeting Hopes with Oil Hitting Four-Month High on Commodities Rally

by Asharq Al-Awsat English | Apr 11, 2016 | Business

Brent crude prices increased on Monday, hitting a four-month high as a rally in wider commodities markets encouraged buying ahead of a meeting of oil producers in Doha next Sunday, aimed at freezing current output levels. Brent crude futures, the global benchmark,...

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Dr. Tawfiq al Rabiah

Saudi Arabia’s Minister of Trade and Commerce: Our Country Is Taking Economic Policies that Rise to Global Challenges

by Shuja Al-Baqmi | Dec 9, 2015 | Business

The evening of Dec.8 started the 7th Riyadh Economic Forum under the patronage of the Custodian of the Two Holy Mosques. Dr. Tawfiq al Rabiah, Minister of Commerce and Industry, launched the forum on behalf of the Custodian of the Two Holy Mosques. The Minister opened...