Middle East
Oil Markets Signal Oversupply Despite OPEC+ Pledges
In a surprising turn of events, key indicators in the global oil markets are pointing towards an oversupply, casting a shadow over Saudi Arabia’s assurances...
Oil Prices Soar as OPEC+ Unveils Bold Output Cuts
In a significant development, the OPEC+ alliance announced on Thursday its unanimous decision to implement additional output cuts of 1 million barrels per day. This...
Markets Open High on Upbeat Reading on Consumer Inflation
US stocks rallied on Thursday morning, poised to wrap up their most impressive month of the year, fueled by investor optimism regarding potential interest rate...
Oil Prices Surge 2% on OPEC+ Speculation, Storm-Related Disruption, and Weaker Dollar
Tuesday saw oil prices surge 2%, propelled by a convergence of factors such as the anticipation of OPEC+ supply cut extensions or deepening, a storm-induced...
Oil Prices Decline Below $80 Amid OPEC+ Uncertainty
Oil prices experienced a decline on Monday, with the Brent benchmark slipping below the $80 per barrel mark. The drop was attributed to the anticipation...
Oil Prices Decline 4% as OPEC+ Meeting Faces Unexpected Delay
Oil prices experienced a significant 4% decline on Wednesday following an unexpected delay in the scheduled OPEC+ ministerial meeting. The meeting, originally slated for Sunday,...
Anghami and OSN+ Announce Groundbreaking Merger, Stock Rises
In a landmark move set to redefine the media and entertainment landscape in the Middle East and North Africa (MENA) region, Anghami Inc, the foremost...
Oil Prices Surge as US Inflation Data Misses Expectations
In a dramatic turn of events on Monday, oil prices experienced a significant uptick following the release of US inflation data that fell short of...
OPEC Meeting on the Horizon: Oil Prices Rise Briefly, but Dark Clouds Linger
On Friday, oil prices experienced an increase, but they are poised to decline for the third consecutive week. This downturn in oil prices is attributed...
Oil Prices Plummet to 3-Month Low Amid Concerns of Weakening Demand in US and China
Oil prices reached a 3-month low on Wednesday, experiencing a sharp decline of over $1. This marks their lowest point since late July. The slump...
