Singapore/ AFP US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC. The decline came despite the weekly US Department of Energy report showing US oil stocks fell about 800,000 barrels for the week ending February 5, with traders seeing ...

Bloomberg Fuel producers from India to South Korea are finding that rising refined products from China are cutting the profit margins they’ve enjoyed from cheap oil to the lowest in more than a year. Worse may be coming. China’s total net exports of oil products — a measure that strips out imports — will rise 31 percent this year to ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.36% to close at 4097.34 points. Accordingly the Market Capitalization has lost AED9.19 Billion attaining AED664.64 Billion. A total of 0.65 Billion Shares were traded with a total value of AED0.79 Billion during the trading session of 11-02-2016 through 8716 transactions. The number of companies which has been traded ...