Articles tagged with: opec
Oil rises above $36, UAE cuts supplies
LONDON: Oil rose above $36 a barrel on Friday after the United Arab Emirates joined leading exporter Saudi Arabia in deepening supply curbs in line with OPEC’s biggest ever output cut announced last week. U.S. …
Oil prices at lowest level in five years
LONDON: Oil fell below $34 on Friday to its lowest level in almost five years as the global economic slowdown overshadowed OPEC’s record supply cuts. U.S. light crude for January delivery CLc1 fell $2.64 to …
OPEC should be formed Cheap oil era over
Islamabad: Era of cheap oil is over forever and economies of whole world are reeling due to unprecedented oil prices rocketing out of sight. The crunch can be taken as a wake-up call in the …
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