Tag: Oil prices
Slump in Oil Prices Due to Shortfall in Demand in India
With India reeling under the pressure of another wave of pandemic cases, India reduced the recovery period for oil demand thereby, upsetting the optimistic...
Oil Is No Longer the Nemesis of Emerging Markets
(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as...
Oil Below Zero, Remittance Risk, Beijing Pays Price: Eco Day
(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
Oil went negative for the...
Saudi Arabia Releases Triple-Tranche Bonds In A Bid To Replenish Coffers
The Kingdom of Saudi Arabia is said to have already received more than US$35 billion in combined orders for a planned triple-tranche bond sale...
Abu Dhabi Selling Triple-Tranche Bonds; US$25bln Worth Orders Already In: Sources
Abu Dhabi is said to have already received more than US$25 billion in combined orders for a planned issue of dollar-denominated bonds, which it...
Aramco Slashes Spending as Virus Erases Oil Demand Growth
(Bloomberg) -- Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are...
Coronavirus Fears: Gulf Markets Spiral Downwards on Impact
The Gulf markets took a sharp nosedive at the start of trading on Sunday over increasing concerns of Novel Coronavirus, which has already done enough...
Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases
(Bloomberg) -- A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its...
Debt Is Outside the Law for Gulf’s Laggard Draining Reserves
(Bloomberg) -- From an unpredictable monetary policy to its noisy domestic politics, Kuwait is often the odd one out in the Gulf.
It boasts the region’s first female finance...
Oil Price Touches $61 for First Time in 3 Months as Optimism Abounds
(Bloomberg) --Oil briefly touched $61 a barrel for the first time in three months as strengthening outlooks for manufacturing and trade buoyed demand prospects.
Futures...