Oil price
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Kuwait breakeven oil price lowest in GCC – Gulf GDP growth for 2016 to be lower by 10 bps; 2017 forecasts left unchanged
KUWAIT CITY, Oct 23: Oil production estimates for the GCC was raised yet again by the IMF for 2016, while…
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Business
Crude producers finally agree common ground – Prices at highest level this year
Oil price is hitting its highest level so far this year with Brent at $52 per barrel. The barrel is…
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OPEC oil price up to USD 48.58 per barrel
VIENNA, Oct 10 (KUNA) — The OPEC daily basket price stood at USD 48.58 a barrel Friday, compared with USD…
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Oil price bounce fails to cheer GCC markets – Saudi TASI sheds 3.5 pct
KUWAIT CITY, Sept 6: Kuwait Financial Centre “Markaz” recently released its Monthly Market Research report. In this report, Markaz examines…
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Business
Will crude oil price ‘reach’ $60/barrel before year-end? – Import on the rise as demand increases
The surprising news is that oil prices have doubled since the start of this year. It is currently hovering around…
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Oil price hike considered positive indication, may cut budget deficit – Oil employees to receive annual allowance with June pay
KUWAIT CITY, June 9: The estimated budget deficit for 2016/2017 is expected to decrease from KD 12.2 billion to KD…
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Business
Expert says oil ‘prices’ won’t top $100 a barrel – ‘Worst of the collapse is over’
NEW YORK, May 22, (AP): Following a stunning decline, oil prices have clawed back near the $50 level this year.…
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Oil price bottoming depends on ‘global growth’, says IEA – US output fall will take time to change despite price rally
KITAKYUSHU, Japan, May 1, (RTRS): International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have…
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Russia sees oil price of $45-$50 ‘acceptable’ – Doha deal may speed up market rebalance
MOSCOW, April 6, (RTRS): Russia believes an oil price at $45-$50 per barrel is acceptable to allow the global oil…
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Business
Kuwait govt needs to curb consumption, cut subsidies – Oil prices sailing smoothly
Oil producers are delighted that the oil prices have lately been staying firm at $40 level, which is better and…
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