Oil prices still under pressure from North America
Oil prices in New York capped the most stable week in 13 years
Jeddah - Arab Today
No matter how hard the Organization of the Petroleum Exporting Countries (OPEC) tries to support global crude prices and speed up the recovery of the oil market, the developments in North America are offsetting every effort.
Oil prices in New York on Friday capped the most stable week in 13 years due to record US stockpiles and a drilling boom in shale oil fields. Prices were caught between larger-than-expected growth in the US crude stocks and reports that OPEC members may exercise an option to extend a pact to cut production by six more months.
West Texas Intermediate (WTI) for March delivery, which expires Tuesday, rose 4 cents to settle at $53.40 a barrel on the New York Mercantile Exchange (NYME). Total volume traded was about 21 percent below the 100-day average. Futures declined 0.9 percent this week. The more-active April contract advanced 3 cents to $53.78.
Source: Arab News
GMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 13:15 2018 Friday ,12 January
OPEC daily basket price stood at US$67.24 a barrelGMT 15:34 2018 Friday ,05 January
OPEC daily basket price stood at US$65.12 a barrel
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 07:16 2018 Thursday ,18 January
Macron's tapestry gesture risks rousing
GMT 23:45 2018 Tuesday ,23 January
Europe in the pink of health, feels Bjorn
GMT 05:18 2018 Friday ,12 January
Myanmar army changes tack with Rohingya killings admission
GMT 16:03 2017 Friday ,05 May
Ban on Omani foods
GMT 03:07 2017 Saturday ,30 September
Facebook helps UAE resident reunite with brother
GMT 00:05 2017 Wednesday ,15 November
Deadly heat from climate change may hit slums hardest
GMT 22:58 2017 Wednesday ,25 January
Home-grown Kenyan solar farm powers computers — and protects girls
GMT 08:44 2017 Tuesday ,14 March
Mobile banking fraudster who stole millions from victim is jailed for five years
GMT 06:46 2014 Thursday ,16 October
Australian Salmonella cases increase despite foodborne illness rates decline
GMT 19:24 2017 Saturday ,06 May
UAE Ambassador attends General Assembly of the Arab Organisation for Agricultural Development in Khartoum
GMT 10:18 2016 Thursday ,27 October
Sharjah Book Fair’s Professional Programme attracts
GMT 13:56 2012 Sunday ,21 October
King Mohammed VI Gulf tour
GMT 19:28 2017 Sunday ,12 March
Carlos the Jackal faces trial again in France
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assault
GMT 09:06 2018 Tuesday ,23 January
US Democrats accept compromise to end government shutdown
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plunging
GMT 06:01 2018 Saturday ,20 January
How to take a bullet, by 'Den of Thieves' star 50 Cent
GMT 23:50 2018 Thursday ,18 January
1.5 C climate goal 'very unlikely' but doable
GMT 08:42 2018 Wednesday ,17 January
Was preparing new version of 'Zombie'
GMT 13:06 2018 Tuesday ,16 January
The London Fashion Agency relaunches as LFA
GMT 14:17 2017 Friday ,03 February
Facing Trump trade threats, Mexico eyes new partners
GMT 06:26 2012 Wednesday ,04 July
Morsi's victory: Islamic realism or an end to idealism?
GMT 10:33 2017 Thursday ,28 December
Putin files nomination for 2018 re-election bid
GMT 08:01 2017 Tuesday ,21 November
China's Tencent overtakes FacebookGMT 07:31 2011 Friday ,10 June
Indian tyre producer launches Mideast operations
GMT 10:15 2017 Tuesday ,21 November
US-Saudi warplanes hit Sanaa
GMT 07:42 2010 Wednesday ,15 September
Global regulators agree on tougher Basel III bank rules
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