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The President's New Sprawl Initiative: A Program in Search of a Problem

Qmic report highlights Qatar's road network resilience

Qmic report highlights Qatar’s road network resilience

Oil up over persistent supply woes vs. rebounding demand

Oil up over persistent supply woes vs. rebounding demand

ANKARA - Oil prices rose on Monday over ongoing fears that the Organization of the Petroleum Exporting Countries (OPEC) will squeeze output to stabilize the market while data shows demand rising in Asia, Europe, and the United States. International benchmark Brent crude traded at $99.67 per barrel at 10:08 a.m. local time (0708 GMT), up 0.66 percent from the closing price of $99.01 a barrel in the previous trading session. American benchmark West Texas Intermediate (WTI) was at $93.75 per barrel at the same time for a 0.74 percent gain after the previous session closed at $93.06 a barrel. After Saudi Energy Minister Abdulaziz bin Salman pointed to production cuts to stabilize the market, another OPEC member, Oman, supported his warnings. "Oman supports OPEC+ efforts to maintain market stability in the face of distortions and volatility," Oman's Oil Ministry said in a Friday tweet. The OPEC group will also introduce a new production scheme, with a possible reduction in out

Oil prices rise on signs of improving demand, gain 3% on week

KUALA LUMPUR: Oil prices rose as much as $1 on Friday on signs of improving fuel demand, although further gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day.