ArabianBusiness.com - Middle East Business News
Thursday, 20 November 2008 20:37 UAE time

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Oil price falls to lowest mark since Jan 2007

Oil price falls to lowest mark since Jan 2007

Energy
UPDATE 1: Lower confidence in world economy results in lower oil price.

Ras Al-Khaimah grants 25-yr oil concession
Energy
Concession winner says the emirate is 'under-explored and prospective'.

Yemen lost 25,000 bpd during flooding
Energy
Oil minister says output dropped during floods which are believed to have killed 180 people.

Date set for Total's first LNG shipment from Yemen
Energy
Yemeni president says first cargo being shipped in May 2009, following delays.

more »MIDDLE EAST ENERGY COMMENT

Hi ho silver lining
Industry figures in the Middle East remain optimistic, upbeat and enthused about the year ahead despite the global financial crisis.

 Daniel Canty  

World is drowning in oil (again) after drought
Markets greeted the news of reduced oil supply by pushing prices down further. How quickly things change.

 Caroline Baum

EDITOR'S CHOICE

  1. Amlak suspends new mortgage loans »
  2. Finance still most popular jobs sector: survey  »
  3. Premium air traffic in Mideast tumbles 14% »
  4. First Gulf in share buyback »
  5. Bollywood star chosen for 'Atlantis Goddess' role »

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

2,012.24

-40.91-1.99%

20 Nov 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,833.55

-47.20-1.64%

20 Nov 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,880.44

-89.52-1.80%

19 Nov 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Saudi prince ups stake in US banking giant
  2. Lenders ramp up interest rates on home loans

Construction & Industry

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Global crisis 'yet to seriously hit Gulf construction sector'

Culture & Society

  1. Bahrain king's son sues pop star Michael Jackson
  2. Oman sets up human rights commission

Education

  1. UAE education chief reveals $2bn strategy
  2. Saudi hikes student allowance by 50%

Energy

  1. Oil price falls to lowest mark since Jan 2007
  2. Ras Al-Khaimah grants 25-yr oil concession

Healthcare

  1. Manslaughter charge doctor has licence suspended
  2. UK entrepreneur in Qatar biomedical venture

Islamic Finance

  1. ISDA to launch sharia-proof derivative standard
  2. Sukuk to recover in 2009 - BNP Paribas

Media & Marketing

  1. Cirque du Soleil returning to Dubai next year
  2. Emarat Al-Youm in dark over court ban

Personal Finance

  1. Lenders ramp up interest rates on home loans
  2. Amlak suspends new mortgage loans

Politics & Economics

  1. UAE pledges $550mn aid to Afghanistan
  2. Bahrain survey identifies skills shortage

Real Estate

  1. Sama Dubai reviews projects amid global crisis
  2. Developer puts new projects on hold amid global crisis

Retail

  1. Bin Hendi chief sees 20% fall in business
  2. Damas set to slow down 2009 expansion plans

Sport

  1. Determined UAE hold Iran to draw in World Cup qualifier
  2. Australia break Bahrain hearts in World Cup qualifier

Technology

  1. Software boost as ID card registration rush continues
  2. I-Mate not going under, CEO says

Transportation

  1. Super-tanker owners 'in negotiations' with pirates
  2. Abu Dhabi roads death rate 'twice UAE average'

Travel & Hospitality

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Bollywood star chosen for 'Atlantis Goddess' role

more »MIDDLE EAST ENERGY EVENTS

UPCOMING EVENTS

  1. Advanced Gas Chromatography Techniques & Troubleshooting
    16 November 2008 | Dubai, United Arab Emirates
  2. Chemical Engineering For Non-Chemical Engineers
    16 November 2008 | Dubai, United Arab Emirates
  3. Chemical Reaction Engineering And Applied Chemical Kinetics
    16 November 2008 | Dubai, United Arab Emirates
See all events »

MORE ENERGY STORIES

  1. Bahrain plans huge onshore oilfield expansion
  2. Oil at $54 a barrel as global slump hits demand
  3. Exxonmobil, SABIC agree synthetic rubber JV
  4. Energy chief urges OPEC not to cut output again
  5. Iran aims for 2009 launch of nuclear plant
All Energy news stories »

CURRENT ENERGY TENDERS

  1. Provide enviromental compliance monitoring of marine areas at RLC
    Qatar
    Closes on: 23 November 2008
  2. Supply oil absorbent room, oil spill response kits and miscellaneous emergency response equipment
    Qatar
    Closes on: 24 November 2008
  3. Supply fiscal measurement of crude oil lact unites
    Syria
    Closes on: 26 November 2008
More Tenders »

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Energy Associate
    Industry: Energy
    Location: Dubai, UAE
  2. Energy Associate
    Industry: Energy
    Location: Dubai, UAE
Browse all jobs »

MOST POPULAR ENERGY STORIES

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