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161 articles posted


  • OPEC to cut output, says Qatari minister

  • OPEC will cut oil output at its next meeting on Dec. 17 in Algeria, Qatar's oil minister told Reuters on Wednesday. Abdullah al-Attiyah did not specify how much the cut would be, but he reiterated that a price of under $70 a barrel was threatening to derail projects to boost oil and gas capacity. 'My concern is that the oil price will go lower,' he said. 'And many projects will be delayed.'
  • Middle East: Wednesday, December 03 - 2008 at 13:13
  • DME announces half a million contracts traded

  • The Dubai Mercantile Exchange Limited announced today that more than 500,000 lots of its benchmark DME Oman Crude Oil Futures Contract have traded since the launch of the energy futures and commodities exchange on 1 June 2007. At the close of trading on 2nd December 2008, the DME Oman Crude Oil Futures Contract had traded a total of 500, 495 contracts, equivalent to 500.495 million barrels of oil.
  • United Arab Emirates: Wednesday, December 03 - 2008 at 13:03

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