Oil freeze accord proves elusive at Doha meet
Markets are unlikely to rebalance before 2017, the International Energy Agency said
The country’s acting oil minister had said negotiations were underway to avert the strike
World demand will grow by 1.2 million barrels per day in 2016, 50,000 bpd less than expected
However Iran is believed unlikely to join any freeze
A meeting of oil producers is planned for Sunday in Doha
Workers expect cuts to jobs, salaries and benefits as low oil prices hit government coffers
The state-owned company will import 2.5 million tonnes of liquefied gas
Suhail Al Mazrouei asserted that diversification efforts have helped the country
The company also reduced its CAPEX by 52 per cent last year
Oil minister suggests the country would look to return to pre-sanctions levels
Ratings of Etisalat, Mubadala and SABIC have been placed on review
Company plans to increase production to more than 20 billion standard cubic feet
Saudi Arabia’s labour ministry said to have stopped providing services to the construction giant, including social security
EFG Hermes said oil prices would remain between $50-60 in the longer term
Reports suggest Saudi Arabia wants to watch Russia and Iran before making any move.
Dubai intends that 7 per cent of its energy should be from clean sources by 2020
IMF head said emerging markets were slowing down
Several major oil producers have agreed to freeze output at January levels
Country did not say whether it would freeze production
Major oil producers Saudi and Russia calling for joint production cap
The move had no impact on UAE markets
Declining spend on infrastructure likely to hit non-oil growth
Tehran is deemed unlikely to agree to a production freeze
Saudi oil minister says freeze is “adequate” for the market
Unit one is scheduled to begin operations in 2017
Oil ministers from both countries will meet in Doha today
Reports suggested the country was widening its oil discount for March
He replaces Abdullah Nasser Al Suwaidi
Gross revenue decreased 39 per cent