Exxon, BHP pushing to link Bass Strait gas contracts to overseas oil pricesThe AustralianDomestic gas contracts in Queensland beyond 2015, when the big coal-seam gas export projects start demanding gas, are already being set at double current prices an…

Qatar to see huge budgetary surplusMENAFN.COMAccording to a QNB Group analysis, oil prices in the international markets are forecast to average at $115 per barrel in 2012 as well as 2013. The QNB Group said in a release yesterday that oil prices have d…

Depreciating rupee to push up prices of manufactured goodsEconomic TimesThe declining value of rupee, which has depreciated by 11 per cent against dollar since March, will directly push up the cost of crude oil and other imported commodities used as in…

Saudis soaring costs may keep oil above USD 100SteelGuruBy contrast, the current mood is dominated by demand concerns as euro zone collapse worries, poor US economic data and signs of slower demand in China overshadow jitters about a potential loss of …

By contrast, the current mood is dominated by demand concerns as euro zone collapse worries, poor US economic data and signs of slower demand in China overshadow jitters about a potential loss of Iranian oil supplies. But although Brent prices are almo…

UAE GDP up $62bn in 2011: IMFEmirates 24/7IMF projected GDP to hit another record of Dh1,419 billion in current prices in 2012 as it expects oil prices to remain high. The surge in crude prices by nearly 50 per cent in 2011 along with high production p…

The Express TribuneNext fiscal year: Govt likely to keep petroleum levy target unchangedThe Express TribunePHOTO: FILE The government is likely to set the target for petroleum levy on oil products at Rs120 billion for next financial year 2012-13, which…

Oil fall not a worry; budget balanced-Russia dep finminReuters* Says oil prices still above budget levels * Oil fall hits Russian rouble exchange rate, stock market LONDON May 19 (Reuters) – Russia is not concerned about the current selloff in oil mark…

LONDON May 19 (Reuters) – Russia is not concerned about the current selloff in oil markets as crude prices remain above the level at which its budget is calculated, Deputy Finance Minister Sergei Storchak said on Saturday. Brent crude futures …

LONDON May 19 (Reuters) – Russia is not concerned about the current selloff in oil markets as crude prices remain above the level at which its budget is calculated, Deputy Finance Minister Sergei Storchak said on Saturday. Brent crude futures …