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World oil prices rose on Wednesday as the market awaited US inventories data that was expected to show further falls in gasoline stocks ahead of the peak demand season for motor fuel, analysts said.
Energy City Qatar’s Chief Executive Officer, Hesham Al Emadi and the Hyojong Industrial President, Yousef Ahmed Al Kuwari signed a land and development deal worth QR 65 million at the Energy City Qatar’s office.
Demand for massive service support infrastructure increases as number of vehicles in the UAE sharply rises.
Global crude prices climbed higher on Thursday as traders weighed up a heavy fall in US gasoline stockpiles.
The price of Brent North Sea crude struck a seven-month high of 69.59 dollars a barrel in early London trading Friday on concerns that current oil supplies may not meet demand, traders said.
The price of Brent North Sea crude hit a seven-month high of 69.59 dollars a barrel Friday on concerns that current oil supplies may be insufficient to meet demand.
Norway said Friday it would toughen ethical rules governing investments in its giant state Pension Fund, and excluded bonds from Myanmar in a first step.
Kuwait may abandon plans to build a new oil refinery if a second round of bidding, expected within weeks, fails to cut high costs, a top oil executive said on Sunday.
These agreements form part of a strategy to advance the considerable economic benefits available to the region through the successful development of its substantial gas resources.
OPEC is fully committed to ensure continuous supply of oil and maintain stability in the international crude market, the oil cartel's president said Monday.
Global crude prices moved higher on Monday as concerns persisted over the level of motor fuel reserves in the United States, traders said.