Oil Prices Slip on Rise in US Drilling
Oil prices fell on Monday
Singapore - QNA
Oil prices fell on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand. US West Texas Intermediate (WTI) crude oil futures were trading at $50.20 per barrel, down 15 cents from their last settlement.
Traders said that WTI was pulled down by another rise in US oil drilling activity. Brent was also weighed by fresh production records from the Organization of the Petroleum Exporting Countries (OPEC), which pumped out a record 33.6 million barrels of crude oil per day in September.
A report by oil services provider Baker Hughes showed US drillers added four rigs in the week to Oct. 14. It was the 16th week in a row that oil drillers had gone without making cuts, indicating more production to come
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:23 2016 Wednesday ,23 March
cartoon fourteen
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:19 2016 Wednesday ,23 March
cartoon nineGMT 08:17 2011 Saturday ,20 August
Syria sees FIFA World Cup ban as politically motivated
GMT 10:17 2016 Wednesday ,23 March
cartoon six
GMT 13:45 2018 Tuesday ,16 January
China races to prevent environmental disaster
GMT 13:03 2018 Monday ,15 January
Tripoli airport clashes kill nine: Libya ministry
GMT 20:54 2017 Saturday ,28 October
Bus plunges into river in Nepal, killing at least 31
GMT 20:21 2018 Wednesday ,03 January
‘Morocco is the Best Team in Africa’: Lopetegui
GMT 08:12 2017 Friday ,22 December
Saudi Arabia Budget Pushes Private Sector to Contribute
GMT 09:41 2017 Sunday ,19 November
Delhi half-marathon to go ahead despite smog, court rules
GMT 06:48 2017 Wednesday ,18 October
French rock magazine offers regrets after putting killer on cover
GMT 12:13 2017 Wednesday ,28 June
At least 24 migrants die as thousands rescued in seas off Libya
GMT 12:41 2018 Thursday ,11 January
GoPro shares dive as it cuts staff
GMT 12:48 2017 Saturday ,18 November
to solve N.Ireland border issue
GMT 11:28 2018 Sunday ,07 January
Saudi boosts citizen benefits as taxes bite
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor