#prices

Oil extends drop with rally pausing after bouncing off 2018 high

Futures in New York dropped back below $69 a barrel on Tuesday after closing 0.6 per cent lower in the previous session

Oil climbs toward $67 with market focused on OPEC+ policy meet

Oil is poised for a second straight monthly gain as the US, China and parts of Europe lead a robust demand recovery from the Covid-19 pandemic

UAE raises petrol prices for May 2021

The diesel price for next month has been reduced

Dubai’s noon.com to reduce prices up to 75% during Ramadan

The discounts are spread across 60,000 products

Biggest aluminum maker in Middle East sees prices staying high

Emirates Global Aluminium said earnings before interest, tax, depreciation and amortization were Dhs4.1bn in 2020

Aldar offers to buy stake in Egypt’s Sodic; shares climb

The offer values the Egyptian property developer at about $420m

UAE reveals fuel prices for March 2021

Petrol prices have witnessed an increase after 11 months

UAE property market will take about two years to recover – Damac boss

2020 was a “very tough year” for all property developers, said Hussain Sajwani

Oil jumps to one-year high with depleting supplies aiding rally

Futures in New York traded near $55 a barrel after jumping almost 5 per cent over the previous two sessions

Gold near eight-week high as Covid angst fires up haven demand

Spot gold added as much as 0.1 per cent to $1,945.67 an ounce, the highest since November 9

Oil market receives boost as OPEC+ agree to gradual output hike

Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves

Oil extends drop as OPEC+ struggles for consensus on output plan

Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks

USA flag and contemporary glass skyscrapers in New York

How the outcome of the US elections could affect the global stock market

The 2020 elections will show what matters the most to American voters: the stock market performance, or the real economy

Gold barrels past $2,000 with stage set for prices to rally more

Bullion is up more than 30 per cent this year, and could extend gains as governments and central banks respond to slowing growth with vast amounts of stimulus

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

Abu Dhabi City United Arab Emirates

Abu Dhabi follows Saudis in raising crude prices amid OPEC+ cuts

Murban for March sold at a $1.88 premium over the regional benchmark before plunging to discounts. For July, it will sell at a $1 premium

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

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

Qatar predicts three years of budget deficits as low oil prices bite

Qatar forecast a fiscal deficit of 7.8 per cent of GDP this year, the first deficit in 15 years