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OPEC to take flexible position over market’s needs – Al-Falih
Riyadh – Mubasher: OPEC is ready to act on the market’s needs, while supply shortage is not certain, as the US stockpiles rose, Saudi Arabia’s energy minister Khalid al-Falih stated on Saturday.The US Energy Information Administration (EIA) r...
MENA’s M&A deals mark highest level ever in Q1
Mubasher: Merger and acquisition (M&A) deals in MENA have recorded their highest annual total value ever during the first three months of 2019, after the conclusion of the $70.4 billion merger between Saudi Armco and Saudi Basic Industries Corp. (SABI...
Kuwait crude oil hits 5M-high on Monday
By: Mohamed FaroukMubasher: The price of Kuwait’s crude oil increased by $1.44 to settle at $70.86 per barrel (pb) on Monday, its highest level in five months, compared to $69.24 pb on Friday, according to the latest data by the Kuwait Pet...
Crude market ‘ripe’ for price corrections; 2019 ‘a good year for oil’ – UAE energy minister
Abu Dhabi – Mubasher: The oil market will be “ripe” for price corrections towards the end of the month, UAE energy minister Suhail Al Mazrouei has said.He noted that this comes after a deal by members and non-members of the Organization of Pe...
Regional Market News
Total Among Firms to Renew Licenses in Libya
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Libya’s NOC Concerns about Lawlessness
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Poverty rate in Arab world rises 5% in 4 yrs – WB vice president
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Accor Group unveils vision for growth in MEA
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Oil hits five-month high above $71 on Libyan supply threat
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