Oil Prices - Global Business Magazine

Oil climbs as investors focus on looming OPEC+ decision

Global Business Magazine December 2, 2021

Climbing oil prices on Thursday erased the previous day's losses, with investors adjusting positions ahead of an OPEC+ decision on supply policy, Read More

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Haven currencies ebb with Omicron fears

Global Business Magazine December 1, 2021

Riskier currencies bounced from recent lows and safe-havens such as the yen eased against the dollar on Wednesday as traders in Asia Read More

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Most Gulf bourses slide on vaccine efficacy worries

Global Business Magazine November 30, 2021

Most stock markets in the Gulf wobbled lower in early trade on Tuesday, in line with subdued Asian shares and oil prices, Read More

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Oil bound for gains as OPEC+ guards supply, but virus threat looms

Global Business Magazine November 30, 2021

Oil prices will stay elevated into next year as OPEC+ keeps a tight leash on supply despite U.S.-led strategic crude Read More

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Explainer: What is happening with U.S. gasoline prices?

Global Business Magazine November 24, 2021

The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift Read More

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UAE says Q1 to see oil supply surplus, current shortage not unexpected

Global Business Magazine November 15, 2021

UAE Energy Minister Suhail al-Mazrouei said on Monday that all indications point to an oil supply surplus in the first quarter of 2022 Read More

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Dubai outperforms most Gulf bourses; Saudi falls

Global Business Magazine November 15, 2021

Dubai stocks rose sharply in early trade on Monday to their highest since March 2018, supported by upbeat corporate earnings, while the Saudi Read More