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Khaleej Times

U.S. gasoline prices hold at $2.85/gallon

1 hour ago
The average price for a gallon of gasoline did not change from levels reached about two weeks ago, capping the end of a five-week rise in gas prices, according to an industry analyst. The volcanic eruption in Iceland sent crude oil prices tumbling as global travel to and from Europe was halted

Khaleej Times

UK house prices up 1.8 pct in April

1 hour ago
House prices in England and Wales rose by an annual 1.8 percent in April, their fastest pace of increase since January 2008, property data company Hometrack said on Monday. But monthly house price growth slowed to 0.2 percent in April from 0.3 percent in March on a non-seasonally adjusted basis

Kuwait Times

Oman''s economic forum to discuss 5-year plan

1 hour ago
Iktissad Wal-Aamal Group and The Ministry of Trade and Industry in cooperation with the Capital Market Authority and the Oman Chamber of Commerce and Industry. The Forum will focus on all aspects of Oman''s economic vision and the topics up for discussion include the government''s five-year

Kuwait Times

Kuwait: Oil over $100 ''damaging''

1 hour ago
For a month, oil has traded over the $70 to $80 level that many in OPEC have pegged as fair. But there was room for more upside before the producer group would respond, Sheikh Ahmad Al-Abdullah Al-Sabah told Reuters in an interview at a media event. "If it''s susta ined above $100 that would

Peninsula Qatar

Austria to receive Russian gas

4 hours ago
Supplies will be increased till two billion cubic metres. These are stable and reliable supplies that will play a good role for stepping up energy security of Europe,” the Russian premier said

Peninsula Qatar

Iran hopes to sign Iraq oil pipeline deal in a month

4 hours ago
Iraq has plans to expand its oil exporting facilities in anticipation of the rise in output. The plan for a pipeline from Iraq’s southern city of Basra to Iran’s Abadan refinery is not new, as both Opec members signed an initial agreement in 2005. But the agreement has been on hold since then

Peninsula Qatar

US shale gas thwarts Gazprom’s domination dream

4 hours ago
Russia’s natural resources minister admitted this week that shale gas could undercut his country’s premier position. We have a problem with shale gas. This is not only my position but also that of Gazprom’s management,” Yuri Trutnev said. It “raises the perspective of a change to the structure of

Peninsula Qatar

Oil over $100 damaging, says Kuwait

4 hours ago
For a month, oil has traded over the $70 to $80 level that many in Opec have pegged as fair. But there was room for more upside before the producer group would respond, Sheikh Ahmad Al Abdullah Al Sabah said in an interview at a media event. “If it’s sustained above $100 that would damage the

Peninsula Qatar

Goldman e-mails show how crash turned into cash

4 hours ago
For Tourre, the investments were like an invention gone awry: He had started arranging them when the market was on the upswing. But he continued selling them after the market turned — now with Goldman betting against them, in one case allegedly misleading investors about a deal’s origin. Goldman

Peninsula Qatar

US Airways’ exit could aid Continental Air

4 hours ago
That works to Continental’s advantage. The sense of urgency has been lifted from Continental’s perspective,” Stifel Nicolaus analyst Hunter Keay said. “They clearly have more leverage than they did (earlier).” Continental and United restarted merger talks last week, just a week after news broke of

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