OPEC oil price slumps $70.80 per barrel
OPEC oil
Vienna - KUNA
OPEC daily basket price dropped by USD 2.90 cents to stand at USD 70.80 a barrel on Thursday, compared with USD 73.70 the previous day, said the OPEC bulletin on Friday.
It estimated the monthly average price of OPEC basket price in October at USD 85.06 pb vis-أ -vis USD 95.98 pb in September. Meanwhile, the annual rate of the OPEC basket price hit USD 105.85 pb, the OPEC said.
In their regular semi-annual 166th meeting on Thursday, OPEC ministers decided to maintain the cartel's production level at 30 million barrels per day.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venez).
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 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 MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrel
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 13:22 2017 Sunday ,13 August
Filipino farmer's son gets full scholarship from Harvard
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master plan
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 17:18 2017 Monday ,23 October
Abu Dhabi Department of Culture and Tourism launches 2017/2018 Cruise
GMT 11:37 2017 Friday ,06 January
Japan recalls S.Korea envoy over 'comfort woman' statue
GMT 03:58 2017 Friday ,20 October
Taleban raids on Afghan bases kill 50GMT 22:30 2011 Tuesday ,29 November
Tips to organize Kid’s room
GMT 10:23 2011 Friday ,17 June
Ferrari\'s fabulous FF Down Under
GMT 14:13 2016 Saturday ,30 January
2m Libyans in dire needs for medical health care
GMT 09:08 2017 Thursday ,11 May
Al Nasr Calls for Enhancing Dialogue among Cultures
GMT 12:32 2017 Monday ,08 May
Omani foreign affairs minister meets Pakistan PM
GMT 10:58 2017 Saturday ,21 October
Iraqi Kurds say open to talks after Baghdad military
GMT 12:30 2017 Wednesday ,22 February
Griezmann among goals as Atletico gain upper handGMT 02:43 2011 Saturday ,05 March
Zen and the art of coping with Alzheimer\'s
GMT 10:14 2017 Wednesday ,22 February
Fifa might pull Under-17 matches due to poor air
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