Category Archives: Business & Finance

Dubai soars to number eight among Global Financial Powerhouses

DUBAI, Dubai has risen the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking.

The city is the only financial centre within the Middle East, Africa and South Asia, MEASA, to appear within …

IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO

The fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, several market participants told S&P Global Platts, confirming expectations of imminent changes to global trade flows for residual fuels going into …

Saudi attacks show vulnerabilities to oil infrastructure: analysts

The ability of a handful of drones to damage some of Saudi Arabia’s biggest oil plants has raised questions why the world’s largest crude exporter was apparently caught by surprise by the attacks, and didn’t cut them off well before …

OPEC daily basket price stood at $66.43 a barrel Monday

VIENNA, The price of OPEC basket of fourteen crudes stood at US$66.43 a barrel on Monday, 16th September, compared with $60.02 the previous Friday, according to OPEC Secretariat calculations.

The fourteen crudes, from separate OPEC member countries, include a mix …