Now playing Next Business Series After a volatile 2015, a look forward to 2016 On the season finale of Business Middle East we summarise a volatile year and discuss the 2016 forecast for global and MENA markets with Nour Eldeen 22/12/2015
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Now playing Next Economy Brent crude oil price falls to 11-year low Brent crude fell to its lowest price for more than 11 years on Monday, plunging to $36.05 a barrel before recovering slightly. It came as the global 21/12/2015
Now playing Next Economy Russia boosts oil exports to Asia, denting OPEC's drive for customers Russian crude oil exports to Asian countries have increased by almost a quarter this year according to data compiled by Reuters. Sales rose 23 18/12/2015
Now playing Next Economy Moody's cuts 2016 oil price forecasts Moody’s has sharply lowered its forecasts for oil prices next year against the threat of a sustained global surplus. The ratings agency has brought 15/12/2015
Now playing Next Economy Oil prices tumble again to near 11-year low Oil prices tumbled four percent on Monday, coming close to their 11-year low – amid fears that the global surplus could worsen in the coming months 14/12/2015
Now playing Next Economy Crude oil prices plunge to fresh 7-year lows Crude oil prices hit fresh seven-year lows on Friday as the International Energy Agency warned that global oversupply could worsen in the New Year 11/12/2015
Now playing Next Economy OPEC crude oil output rises to three-year high Unfazed by tumbling prices, undeterred by low demand, OPEC raised its production of crude oil to a three-year high in November. Failure to agree a 10/12/2015
Now playing Next World UAE Energy Minister Suhail Al Mazroui: "We will not rely on oil" Faced with the challenge of a declining oil market The United Arab Emirates, a major crude producer in the Gulf is striving to diversify its economy 09/12/2015
Now playing Next Economy Brent crude oil dips below $40 a barrel for first time since 2009 US crude fell below $37 (34 euros) a barrel on Tuesday, and Brent below $40 (36.7 euros) for the first time since early 2009. Oil prices then 08/12/2015
Now playing Next Business Series OPEC: After the latest acrimonious meeting, where now for oil prices? On Business Middle East this week we analyse the repercussions of the latest OPEC meeting decision. According to analysts it’s clear from the meeting 08/12/2015
Now playing Next Economy Saudi-led OPEC policy 'targets shale oil producers' OPEC’s failure to agree new limits on oil production regardless of demand and tumbling prices is seen by some as a deliberate move to send rival 07/12/2015
Now playing Next Economy Oil output to stay high as OPEC fails to agree ceiling OPEC countries are to carry on producing current high levels of oil for the time being. This comes despite complaints that the huge global surplus is 04/12/2015
Now playing Next Economy Energy markets fall as reports say OPEC to maintain output policy Energy markets fell following unconfirmed reports that OPEC has kept its policy of pumping near-record volumes of oil. Anonymous sources quoted by 04/12/2015
Now playing Next Economy Saudi Arabia unfazed as OPEC set to keep oil output high OPEC members have been meeting in Vienna with the oil producers’ organisation widely expected to do nothing to tackle one of the worst crude gluts in 04/12/2015
Now playing Next Economy Saudi Arabia hints it may back oil output cut - if others do too Are there more signs of a chink in the Saudi armour over oil production? OPEC’s effective leader has been softening its stance against cutting 03/12/2015
Now playing Next Business Series Reading Draghi's mind: markets await crucial ECB decisions A crucial monetary policy meeting of the European Central Bank this week could have a profound effect on the markets and particularly on the value of 01/12/2015