OPEC: Market fundamentals don't justify oil plunge
Salem el-Badri
Dubai - AFP
The rise in oil supplies on global markets does not justify the sharp drop in crude prices, a top OPEC official said Sunday, arguing speculation might be a contributor.
"We want to know the main reasons that have led to such a drop in oil prices," said Abdalla Salem el-Badri, secretary general of the Organization of the Petroleum Exporting Countries.
"When we look at supply and demand, there is a rise (in supply) but only a modest one that should not have led to this 50-percent drop," he told reporters at a conference in Dubai, adding that a continued drop could mean that "speculation is strongly contributing to pushing prices down."
GMT 09:26 2018 Tuesday ,23 January
France says it fell short on greenhouse gas emissionsGMT 08:25 2018 Saturday ,20 January
Greenpeace activists face fine over Eiffel Tower protestGMT 04:38 2018 Saturday ,20 January
US to overtake Saudi as crude oil producer: IEAGMT 10:43 2018 Friday ,19 January
TransCanada secures contracts to move forward with Keystone constructionGMT 08:54 2018 Thursday ,18 January
Norway aims for all short-haul flights 100% electric by 2040GMT 15:12 2018 Wednesday ,17 January
BP hit by new $1.7bn Gulf oil spill chargeGMT 16:31 2018 Monday ,15 January
Two schools could win Dh1m of solar panels in Sustainability Champions competitionGMT 03:08 2018 Monday ,15 January
Danish wind power whips up record 43% of electricity
- Friday ,19 January GMT 10:43 2018 TransCanada secures contracts to move forward with Keystone construction
- Monday ,15 January GMT 16:31 2018 Two schools could win Dh1m of solar panels in Sustainability Champions competition
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skaters
GMT 11:10 2018 Thursday ,30 August
Ariana Grande will perform at Aretha Franklin’s funeral
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 04:33 2017 Wednesday ,22 March
Penelope to play Versace
GMT 11:26 2017 Friday ,03 February
Member of criticizes Egypt’s government
GMT 13:22 2018 Thursday ,18 January
Simona Halep keeps Slam dream alive with win over Eugenie Bouchard at Australian Open
GMT 07:23 2017 Wednesday ,23 August
Hot, humid weather on Wednesday
GMT 19:56 2017 Monday ,18 September
Hail lashes parts of UAE, dust warnings issued
GMT 09:40 2017 Saturday ,30 December
UAE cancels Tunisia handball games amid row
GMT 11:40 2017 Tuesday ,17 October
Al Naqash confident of his team’s ability
GMT 14:41 2017 Saturday ,27 May
Spaniard Casado stormsGMT 07:57 2011 Monday ,19 September
Last 4 clubs set in African Champions LeagueGMT 04:11 2012 Thursday ,15 March
History to air auction show \'Sold!\'
GMT 05:20 2014 Monday ,06 October
Higher pay for Turkish university researchers expectedGMT 19:40 2011 Thursday ,29 September
Arab American comedians unwind at New York festival
GMT 18:23 2017 Wednesday ,15 March
Williams Stays Ahead in Unchanged WTA Top 10
GMT 18:58 2015 Monday ,01 June
1707 megawatts to be added to national power grid
GMT 23:26 2015 Sunday ,22 February
Egyptian concert to be held in Austria
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor