#demand

UAE announces fuel prices for October 2020

Prices will remain unchanged for the seventh consecutive month in October

Covid-19 impact: How regional tech companies should reshape supply and demand

Tech companies should consider the necessary structural changes that will ensure their companies can survive in the post-pandemic business environment

Oil prices

Saudis seen cutting oil price for first time in four months

OPEC and allied producers have started to ease output curbs amid weakening demand

Saudi oil minister sees ‘encouraging signs’ of demand recovery

Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts

Brent oil rises past $40 as OPEC+ cut extension looks likely

While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain

Sir Tim Clark Emirates Airlines

Airlines cannot operate with empty middle seats – Emirates’ Tim Clark

The next six to nine months will be “tough” for the aviation industry

Covid-19 impact: Dubai’s Emirates confirms staff layoffs

Airlines across the globe are cutting jobs as the pandemic hit travel demand

Oil extends slide below $32 on signs US stockpiles swelled

Oil is still up almost 70 per cent this month as supply curbs trim a global glut and pockets of demand emerged after the easing of lockdown restrictions

Oil anchored near $33 a barrel amid rising US-China tensions

Oil has surged about 75 per cent this month as pockets of demand return

Oil rises above $30 for first time in two months on output cuts

There’s still a risk, however, that oil’s recovery could be derailed if the pandemic worsens

OPEC chief optimistic that the worst of oil crisis is over

OPEC+ will look at all options when it meets again in June, Mohammad Barkindo said

Oil touches 18-year low as virus-led demand shock outweighs output cuts

Global demand will drop by more than 9 million barrels a day in 2020, according to the IEA

Oil output freeze by Saudi, Russia to have 'miniscule' impact on oversupply

Global oil market will return to surplus in early 2017 – IEA

The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day