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Qatar flat, Gulf weak as oil, global markets retreat

  Reuters Qatar’s main stock index moved little in early trade on Wednesday but other bourses in the Gulf edged lower as oil and global equities retreated. Doha’s index was flat after it rose 2.2 percent on Tuesday on expectations of fund inflows when index compiler FTSE promotes it to emerging market status next month. Qatar Insurance gained a further ...

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Oil futures halt rally as US fuel supplies reported to rise

  Bloomberg Oil halted gains near the highest closing price in five weeks as industry data showed U.S. gasoline stockpiles expanded, keeping supplies at the highest seasonal level in more than two decades. Futures were little changed in New York, having added 12 percent the previous four sessions after Saudi Arabia said it was prepared to act to stabilize markets. ...

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Australia LNG export boom nips Santos

  Bloomberg After spending billions of dollars constructing a world-class liquefied natural gas export project in Australia, Santos Ltd. has found itself short of gas. The country’s third-largest energy producer, which isn’t pumping enough of its own gas to feed its Gladstone LNG plant yet, is having to buy expensive local supplies to fill the gap. Meanwhile, prices for the ...

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