Oil Prices - Global Business Magazine

Gulf stocks rise as oil zooms past $110

Global Business Magazine March 2, 2022

Middle East stock markets rose on Wednesday as oil prices skyrocketed past $110 a barrel on worries over the impact of aggressive sanctions Read More

Finance Featured News Regional

Saudi Arabia’s TASI closes at 12,674 points, the highest since July 2006

Global Business Magazine March 2, 2022

The Tadawul All Share Index (TASI), Saudi Arabia’s main stock market indicator, increased by 0.67%, or 84 points, to reach 12,674 on Tuesday, rising Read More

Energy News Oil & Gas World

Russian oil trade in disarray over sanctions as prices blast through $100/bbl

Global Business Magazine March 2, 2022

Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for Read More

Finance News Regional

Gulf bourses mixed, tracking global mood

Global Business Magazine March 1, 2022

Stock markets in the Middle East were mixed on Tuesday as a degree of calm returned after discussions between Russia and Ukraine Read More

Energy News Oil & Gas World

Oil prices soar as Ukraine conflict stokes supply concerns

Global Business Magazine March 1, 2022

Oil prices surged on Tuesday as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a Read More

Energy News Oil & Gas World

Oil soars as Russian energy supply fears intensify

Global Business Magazine February 28, 2022

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments Read More

Business News World

Abu Dhabi’s ADIC and U.S. partner weigh sale of stake in OiLSERV – sources

Global Business Magazine February 25, 2022

State-backed Abu Dhabi Investment Council (ADIC) and U.S. private equity firm Lime Rock Partners are weighing the sale of their stake Read More

Economy News World

Factbox: How the Ukraine conflict could affect the U.S. economy

Global Business Magazine February 25, 2022

Federal Reserve policymakers on Thursday signaled the conflict in Ukraine will not budge them from their expected course of rate hikes ahead. Read More

Banking News World

Analysis: Gold bid, stocks dumped further as war in Ukraine upends markets

Global Business Magazine February 24, 2022

Russia's invasion of Ukraine saw investors scrambling for the safety of gold and the protection of inflation hedges as weeks of brinkmanship Read More

Economy News World

How a Russia-Ukraine conflict might hit global markets

Global Business Magazine February 22, 2022

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and Read More

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