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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil gains, led by US crude, as recession worries ease

Crude oil prices have fallen about 20 per cent from 2019 highs reached in April.

28 Aug 2019 11:54 AM IST

The CIA, the NSA and the White House declined to comment on US espionage practices in the UAE. (Photo: AP)

Why the CIA doesn't spy on the UAE

The CIA's failure to adapt to the UAE's growing military and political ambitions amounts to 'dereliction of duty,' said...

27 Aug 2019 10:22 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices edge down as traders weigh slowing demand against supply...

Brent crude futures LCOc1 were down 11 cents or 0.2 per cent, from the previous settlement.

13 Aug 2019 8:37 AM IST

US President Donald Trump

Trump freezes all Venezuelan govt assets in bid to pressure Prez...

Russian and Chinese companies are among those still doing significant business in the South American OPEC nation.

7 Aug 2019 3:38 PM IST

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Oil prices climb as positive China factory data eases demand concerns

World's top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

30 Sept 2019 9:26 AM IST

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Oil falls more than 1 pc as market awaits response to Saudi oil...

The company has not given a specific timeline for the resumption of full output.

17 Sept 2019 10:33 AM IST

Traders are now eyeing next months meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices.

Oil prices gain after bigger-than-expected fall in US stockpiles

Iran's oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.

11 Sept 2019 10:37 AM IST

OPECs output recovered in October from an eight-year low after a rapid rebound in Saudi Arabias production from attacks on its oil infrastructure.

Oil hits six-week high on hopes of extended OPEC output cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

10 Sept 2019 10:48 AM IST

The decline was curbed by a weaker dollar and optimism that crude producers would abide by an agreement to limit output to prop up prices.

Oil prices fall as market eyes trade war, awaits stocks data

US crude was down 26 cents, or 0.5 per cent, at USD 54.84 a barrel by 0644 GMT, while Brent was down 6 cents at USD...

3 Sept 2019 1:19 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil jumps to highest in more than a week after Libyan shutdowns

Brent crude LCOc1 futures were up by 74 cents, or 1.1 per cent, to 65.59 by 0331 GMT, having earlier reached USD 66.00 a...

20 Jan 2020 11:11 AM IST

Global benchmark Brent touched a near four-month high above USD 70 before ending last week below USD 65.

Oil dips on easing US-Iran tensions, eyes on China trade deal

Brent crude was down 13 cents, or 0.2 per cent, at USD 64.85 per barrel.

13 Jan 2020 11:48 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil drops more than 1 per cent as investors recalibrate risk in...

Prices were also supported by higher compliance among the OPEC on meeting production quota curbs aimed at reducing...

7 Jan 2020 10:04 AM IST