Now playing Next Business Middle East markets feel blowback from Paris and global fears In this edition of Business Middle East we focus on the recent movements in the oil and stock markets. Due to conflicting global economic figures and 17/11/2015
Now playing Next Business IEA says oil glut could worsen through 2016 The International Energy Agency has estimated that slowing demand growth – as well as resilient non-OPEC supply – could worsen the oil surplus well 13/11/2015
Now playing Next Business IEA warns low oil prices may threaten energy security The International Energy Agency (IEA) says the price of oil is unlikely to return to $80 a barrel (74.83 euros) before the end of the decade. This is 10/11/2015
Now playing Next Business No hurry to hike: pessimism from BoE on rates and OPEC on oil The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest 10/11/2015
Now playing Next Business Arctic withdrawal pushes Royal Dutch Shell into loss Royal Dutch Shell has reported a pre-tax loss of $9.1 billion (8.3 billion euros) in the third quarter, largely due to the cost of shelving several 29/10/2015
Now playing Next Business BP to tighten belt further as oil price slump hits profits BP has announced a third round of spending cuts and more asset sales to offset an extended period of low oil prices, following a slump in 27/10/2015
Now playing Next Business Oil producers meet amid little hope of agreement The price of oil fell again ahead of a meeting on Wednesday of OPEC and non-OPEC producers in Vienna. Reuters reports that of eight non-member 21/10/2015
Now playing Next Business Iran vows to reach pre-sanctions oil output Iran says it wants OPEC countries to cut oil output to boost prices – but intends to increase its own production once international sanctions are 19/10/2015
Now playing Next Iraq Iraq: government forces and Shiite militia retake Beiji oil refinery Iraqi forces and Shiite militia fighters have recaptured most of the country’s largest oil refinery from the group calling itself Islamic State. The 15/10/2015
Now playing Next Business Cheaper oil prompts US consumer price fall The falling oil price saw US consumer prices drop in September by their biggest amount in eight months – but underlying price pressures were up 15/10/2015
Now playing Next Business Global oil oversupply to persist in 2016, says IEA The global oversupply of oil will persist through next year, according to the International Energy Agency, as growth in demand slows and 13/10/2015
Now playing Next Business Investors turn to precious metals as safe havens Welcome to Business Middle East. This week we are taking a look at commodity prices. There is a ray of hope for the price of oil and precious metals 13/10/2015
Now playing Next Business Russia 'ready to meet' other oil producers over market trouble The price of oil rose on Monday after Russia – one of the world’s top three producers – said it was ready to meet others to discuss the market. Brent 05/10/2015
Now playing Next target Kazenergy Forum: how to cope with the oil price slump? Over the past year the global energy sector has been profoundly shaken. Oil prices have more than halved to below $50 per barrel, under pressure from 02/10/2015
Now playing Next no comment Activists celebrate Arctic drilling victory Actress Emma Thompson helps to haul a giant polar bear through the streets of London as part of Greenpeace’s celebrations at news that Shell is 30/09/2015
Now playing Next Business Uncertainty over QE perturbs global markets Global markets endured turbulent times last week amid uncertainty about monetary easing policies in the eurozone and Japan. ECB chief Mario Draghi 29/09/2015
Now playing Next Business Campaigners hail Shell withdrawal from Alaska Arctic drilling Royal Dutch Shell has abandoned its search for oil in the Arctic after failing to find enough supplies of crude during a seven-year quest. It has 28/09/2015
Now playing Next Business Total cuts oil output growth target French oil giant Total has reacted to the sector’s low prices by trimming its ambitious output growth targets, as well as cutting its capital and 23/09/2015
Now playing Next Business OPEC predicts higher demand for its crude oil OPEC has predicted a higher demand for its crude oil next year, cutting its forecast of supplies from non-member countries. It is sticking to its 14/09/2015
Now playing Next Business Goldman Sachs says oil prices could fall to $20 a barrel The price of oil could tumble even further to a low of $20 (17.73 euros) a barrel – that’s the warning from Goldman Sachs in a report published on 11/09/2015
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