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Oil prices gain despite rising OPEC supply forecast
Oil prices gain despite rising OPEC supply forecast

Oil prices on the rise joining the positive movement on equities markets despite a new forecast from producing countries for 2017.

Oil prices gain despite rising OPEC supply forecast
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'Enormous' inventories to keep lid on oil price: IEA

A huge overhang in oil stocks will keep a cap on any further oil price rises even as supply and demand move towards balance: IEA

'Enormous' inventories to keep lid on oil price: IEA
OPEC happy with oil market, kingpin Saudi says
OPEC happy with oil market, kingpin Saudi says

Saudi Arabia expressed confidence that oil prices will keep recovering.

OPEC happy with oil market, kingpin Saudi says
Air France KLM narrows losses, warns of turbulence as pilots' pay cut
Air France KLM narrows losses, warns of turbulence as pilots' pay cut

Air France-KLM said Wednesday it cut its losses in the first quarter of 2016 but passenger traffic to Paris was affected by terror attacks.

Air France KLM narrows losses, warns of turbulence as pilots' pay cut
First shipment of US natural gas to EU arrives
First shipment of US natural gas to EU arrives

In a move which could lead to continental price wars and reduce Russian market domination, the first shipment of US natural gas to the European Union arrived.

First shipment of US natural gas to EU arrives
Saudi to take $10 billion foreign loan
Saudi to take $10 billion foreign loan

Saudi Arabia will take a $10 billion loan from foreign banks to help close the gap in its state finances from collapsed oil revenues.

Saudi to take $10 billion foreign loan
Oil plummets on Doha failure
Oil plummets on Doha failure

Oil plunged Monday a day after top producers failed to reach a deal in Doha to cap output.

Oil plummets on Doha failure
OPEC warns on oil 'oversupply' ahead of crunch Doha meeting
OPEC warns on oil 'oversupply' ahead of crunch Doha meeting

OPEC warned that the world remains awash with crude ahead of a crunch meeting in Doha to discuss a production freeze to boost the oil price.

OPEC warns on oil 'oversupply' ahead of crunch Doha meeting
Iran boosts oil production by 500K, condemns new sanctions
Iran boosts oil production by 500K, condemns new sanctions

Iran announced a major boost in oil production on Monday after the lifting of sanctions under its nuclear deal.

Iran boosts oil production by 500K, condemns new sanctions
Booking.com website screenshot
Germany bans booking.com's 'best price' clauses

The German cartel authorities have banned the online hotel booking portal, Booking.com, from using 'best pricer clause.

Germany bans booking.com's 'best price' clauses
Oil price slump forces Azerbaijan to stop propping up currency
Oil price slump forces Azerbaijan to stop propping up currency

Energy-rich Azerbaijan, whose economy has been hit hard by falling oil prices, withdrew support Monday for its embattled currency and the manat plunged by nearly a third against the dollar.

Oil price slump forces Azerbaijan to stop propping up currency
Brent hits 11-year low as oil extends slide on glut worries
Brent hits 11-year low as oil extends slide on glut worries

European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.

Brent hits 11-year low as oil extends slide on glut worries
Gulf monarchs seek united front at annual summit
Gulf monarchs seek united front at annual summit

Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates face regional divisions, but will struggle to find common ground.

Gulf monarchs seek united front at annual summit
Yerbolat Dossayev ©Central Communiations Service under the President of the Republic of Kazakhstan
Kazakhstan revises 2015 inflation rate forecast

Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.

Kazakhstan revises 2015 inflation rate forecast
Photo © Turar Kazangapov
Petrol prices in Kazakhstan depend on Russian ruble: Shkolnik

Kazakh Minister of Energy Vladimir Shkolnik says that the price for petrol in Kazakhstan will depend on the Russian ruble.

Petrol prices in Kazakhstan depend on Russian ruble: Shkolnik
Turar Kazangapov ©
Kazakhstan’s President Nursultan Nazarbayev on recent hike of prices for petrol

These are mere economics laws: we have to keep prices equal to those of Russia as we have no customs barriers and the movement of goods across the border is free: President Nazarbayev.

Kazakhstan’s President Nursultan Nazarbayev on recent hike of prices for petrol
Photo © Turar Kazangapov
Petrol follows tenge in free float: Kazakhstan government stops regulating prices

After the announcement that Kazakhstan governoment was stopping price regulation for petrol, prices spiked throughout Kazakhstan.

Petrol follows tenge in free float: Kazakhstan government stops regulating prices
Kazakhstan to stop regulating prices for petrol

There should be a flexible pricing model given the ongoing volatility at the FX market: Vice PM Sagintayev.

Kazakhstan to stop regulating prices for petrol
©REUTERS
Oil prices will continue falling: Kazakh economist

Kazakhstani economist Vladimir Telnov predicts that global oil prices will continue falling in the next 5 to 15 years.

Oil prices will continue falling: Kazakh economist
Photo © Turar Kazangapov
Kazakhstani airline SCAT increases ticket prices by 20%

Following suit of the Kazakhstan national airline Air Astana, another Kazakh airline SCAT has announced a ticket price rise.

Kazakhstani airline SCAT increases ticket prices by 20%