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Most Gulf markets firm, Qatar jumps on hopes

Reuters Qatar’s stock market jumped by its biggest margin in nearly five months on Monday because of hopes that Doha’s diplomatic dispute will be resolved. Most other Gulf markets were firm. Qatar’s stock index, which has been trading near six-year lows, surged 2.2 percent as trading volume doubled. Real estate firm Ezdan Holding, which has been hit hard by a ...

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OPEC expects to stick to cuts in second half of 2018

RIYADH / Reuters Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday oil producers might start discussing in June when to raise output once the market out-look was clearer, even though OPEC was expected to conti- nue output curbs in the second half of 2018. The Organization of the Petroleum Exporting Countries and non-OPEC producers led by Russia have agreed ...

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Indian refiners issue tenders to boost domestic shipping

NEW DELHI / SINGAPORE / Reuters Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates. India’s Ministry of Shipping asked the refiners to issue long-term crude import tenders ...

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