Oil prices rise on OPEC output cut compliance
Oil in OPEC
New york - Xinhua
Oil prices rallied on Friday after the Organization of the Petroleum Exporting Countries (OPEC) delivered more than 90 percent of the output cuts they pledged in an agreement last year.
OPEC crude production fell by one million barrels per day to 32.06 million barrels per day in January, leading to record initial compliance of 90 percent with the output agreement, said International Energy Agency in its oil market report released on Friday.
"Some producers, including Saudi Arabia, cut supply by more than required. Lower production was partly offset by higher flows from Libya and Nigeria, which are exempt from cuts," the report said.
The West Texas Intermediate for March Delivery added 0.86 dollars to settle at 53.86 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery increased 1.07 dollars to close at 56.70 dollars a barrel on the London ICE Futures Exchange.
Source: Xinhua
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy Minister
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo 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 - Emiratesvoice
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 onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
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 its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
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" opens 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
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 10:07 2018 Tuesday ,09 January
Australia complete dominant 4-0 AshesGMT 03:40 2012 Wednesday ,14 March
Javan officials employ camera traps to find extinct tiger
GMT 07:33 2017 Wednesday ,10 May
Dubai Culture spreads knowledge among People
GMT 04:25 2018 Monday ,08 January
HM King ratifies, issues law 1/2018
GMT 13:36 2017 Wednesday ,09 August
Hamada Helal ended filming “Hamza’s Bag”
GMT 19:08 2017 Sunday ,05 November
Muhammad Ali Jinnah's daughter Dina Wadia passes away
GMT 08:15 2018 Thursday ,04 January
'Star Wars' rides high as Disney celebrates
GMT 17:40 2017 Monday ,06 March
‘Commando 2: The Black Money Trail’
GMT 14:26 2014 Sunday ,13 April
Antarctica, a dream destination for touristsGMT 13:48 2013 Sunday ,03 February
Turkey unveils airport and carrier expansion plans
GMT 05:31 2014 Monday ,20 January
Astronomers \'see\' strands of cosmic web
GMT 19:20 2016 Tuesday ,22 March
Abbas denounces Brussels attacksGMT 08:32 2011 Thursday ,04 August
Global stocks slide over growth fears
GMT 12:44 2016 Monday ,26 December
Powerful earthquake jolts Chile, no deaths reported
GMT 17:39 2016 Friday ,16 September
SRCA handled 9,459 cases in 12 days at holy sitesGMT 13:04 2012 Wednesday ,11 January
Aogo eyes ambitious targets
GMT 07:08 2014 Sunday ,19 January
20 soldiers killed as bomb hits military convoy
GMT 07:05 2015 Saturday ,31 October
US to send special forces to Syria
GMT 13:28 2015 Wednesday ,21 October
Singapore church leaders convicted of fraud in pop music venture
GMT 17:50 2015 Saturday ,21 November
Greek government condemns petrol bomb attack against state minister's residenceGMT 20:32 2012 Thursday ,20 September
Qatar: Empowering women central to MDGs progress
GMT 15:15 2017 Monday ,22 May
HH the Emir Participates in 17th GCC Consultative Meeting
GMT 00:39 2017 Saturday ,04 February
Sharjah Light Festival off to a brilliant start
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