ArabianBusiness.com - Middle East Business News
Tuesday, 02 December 2008 08:16 UAE time

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Oil falls to near 42-month low amid global gloom

Oil falls to near 42-month low amid global gloom

Energy
UPDATE 1: Oil price drops to below $49 a barrel, extending Monday's 9% plunge.

ADNOC plans major boost to oil capacity by 2017
Energy
Abu Dhabi oil company set to increase output by 400,000 barrels per day.

OPEC to cut output by 'good amount'
Energy
UPDATE 1: Secretary general says market oversupplied, cartel will cut output at meeting on Dec. 17.

Oil falls by $1 after OPEC delays output cut vote
Energy
Price loses nearly 20% in Nov, following 32% drop in Oct, biggest ever monthly fall.


more »MIDDLE EAST ENERGY COMMENT

Hi ho silver lining
Industry figures in the Middle East remain optimistic, upbeat and enthused about the year ahead despite the global financial crisis.

Daniel Canty  

World is drowning in oil (again) after drought
Markets greeted the news of reduced oil supply by pushing prices down further. How quickly things change.

Caroline Baum

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

1,974.90

+10.24+0.52%

1 Dec 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,754.48

-21.37-0.77%

1 Dec 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,795.76

+57.62+1.22%

1 Dec 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES


SPOT POLL

With taxis being exempt from Salik tolls from Dec 2, will you be more likely to use the service?

Absolutely, the low petrol price and lack of Salik makes taxis too cheap to ignore.
I would be more willing to travel in a cab knowing the Salik will not be charged.
No because it's the comfort of the vehicle and attitude of the driver that counts, not how cheap it is.
No way, most of the drivers are still rude and most times they refuse to pick you up anyway.
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