Staggering Gulf States Economies , Due to Low Oil Prices , Pushes for Thousands of Layoffs


Staggering UAE economyJNN 27 May 2016 Dubai : Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf’s wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Continue reading

Oil Settles Below $39 a Barrel for the First Time Since Feb. 2009


Oil Prices Plunges to Below US$39JNN 26 Aug 2015 NEW YORK—Oil prices plunged to fresh six-year lows Monday on concerns about a slowdown in Chinese demand and growing crude-oil supplies in the U.S. Continue reading

Crude oil prices above USD 102 pb


JNN 15 Feb 2011 : The wave of pro-democracy rallies in the Middle East and the ouster of Egyptian President Hosni Mubarak have resulted in the price of Brent crude oil soaring above USD 102 per barrel. Continue reading