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Oil hits six-year low as Saudi maintains production policy
(Bloomberg - 27/01/2015)

Oil fell to the lowest level in almost six years as signs that Saudi Arabia’s new king will maintain its production policy and rising US crude stockpiles bolstered speculation that a global glut will persist. Futures dropped as much as 2.7 per cent in

Oil price plunge to boost global M&A activity in 2015, says EY
(Gulf Times - 25/01/2015)

The oil-price collapse will facilitate increased global transaction activity in 2015 as companies revise and implement new strategies, according to a quarterly report on the industry published by Ernst & Young (EY). “On one hand, upstream companies with

Oil prices surge after Saudi King's death
(AFP - 22/01/2015)

Oil prices surged on Friday following the death of Saudi Arabia's King Abdullah, with investors watching to see if his successor will maintain output in the face of a global supply glut that had sent crude to six-year lows. US benchmark West Texas

Oil inches above $48 a barrel
(Agencies - 22/01/2015)

Brent crude oil edged above $48 a barrel on Wednesday, consolidating after a drop in the previous session, although oversupply and the prospect of inventory rises make further weakness likely. Prices fell on Tuesday after the International Monetary Fund

Crude drops further, dollar hit by wage data
(Bloomberg - 13/01/2015)

Oil prices tumbled again yesterday, while most Asian stock markets also retreated after a sell-off in New York at the end of last week that came in reaction to data showing weak United States wage growth. The news on wages, which overshadowed another

Brent crude tumbles more than 3 per cent, hits 6-year low
(Gulf News - 13/01/2015)

Crude extended losses on Monday to hit its lowest level in six years, after Goldman Sachs joined Blackstone in cutting its price forecast. Brent crude fell as much as 48.20 per cent, a low last seen in early 2009, before trading 3.71 per cent lower at

Oman’s crude oil production rises in December
(Times of Oman - 12/01/2015)

Muscat: The Sultanate's crude oil and condensate production in December 2014 amounted to 28,894,980 barrels, an average of 932,096 barrels a day (bpd), a rise by 1.15 per cent compared to November 2014 when calculating the daily average. The monthly

Why oil plunge is a ‘golden opportunity’ for Asia economies
(Gulf News - 09/01/2015)

The plunge in crude prices will give a much-needed boost to Asia’s oil-guzzling economies and provides governments a “golden opportunity” to implement crucial structural reforms such as cutting expensive energy subsidies, analysts say. A slowdown in the

Low oil price is good for Asian economies
(Oman Daily Observer - 08/01/2015)

The plunge in crude prices will give a much-needed boost to Asia’s oil-guzzling economies and provides governments a “golden opportunity” to implement crucial structural reforms such as cutting expensive energy subsidies, analysts say. A slowdown in the

Oil prices extend losses, shares stage tepid recovery
(AFP - 08/01/2015)

Oil prices continued their downward spiral to fresh five-and-a-half-year lows yesterday, leaving equity markets struggling to recover after a recent sell-off, while Greek political turmoil sent the euro skidding. More losses on Wall Street and in Europe

Crude oil predicted to fall to $40
(Bloomberg - 08/01/2015)

Coromoto, a parlour in Merida, Venezuela, famous for its 900 flavours, closed during its busiest season in November because of a milk shortage caused by the country's 64 per cent inflation rate, the world's fastest. That's the plight of an oil-producing

Oil hits fresh lows; Brent below $53
(Reuters - 06/01/2015)

Oil extended losses on Tuesday to touch fresh 5-1/2-year lows, following a 5 per cent plunge in the previous session as a slew of bearish factors added to supply woes. Worries about surplus oil supplies were fuelled by data showing output in Russia hit a

Crude oil extends slump
(Times of Oman - 06/01/2015)

Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation a global glut that's driven crude into a bear market may persist this year. Futures slid as much as 2.1 per cent

Non-Opec oil supply expected to rise by 1.36mn bpd in 2015
(Gulf Times - 03/01/2015)

The non-Opec (Organisation of Petroleum Exporting Countries) oil supply is expected to increase by 1.36mn barrels per day (bpd) in 2015 to average 57.31mn bpd, according to Global Investment House. The new supply level is taking in to consideration after

Oil resumes fall as euro hits 29-month low
(Reuters - 01/01/2015)

The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the US dollar, on expectations that the European Central Bank will soon embark on outright money-printing. Crude prices fell in a volatile

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