Qatar Stock Exchange (QSE) index gained 206.29 points, or 2.04 percent to close trading at 10,298.93 points on Monday.The volume of shares traded increased to 137,261,645 from 131,367,275 on Sunday and the value of shares increased to QR392,218,617.22…
The US dollar was broadly higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further.The euro was down 0.44% to $1.0791, after touching a one-week low of $1.0788, while the Japanese yen wea…
Qatar Stock Exchange index started its trading Monday in green zone, rising 147.12 points, or 1.46%, to reach 10239 points, compared to Sunday’s close, supported by 6 sectors.Figures issued by Qatar Stock Exchange attributed the positive performance o…
Oil prices surged on Monday, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability.The price of Brent Crude oil jumped by more than $5 a barrel, or 7%, to above $85 as trading began, while US Wes…
Saudi Arabia’s Ministry of Energy official stated that the Kingdom of Saudi Arabia will implement a voluntary cut of 500 thousand barrels per day from May till the end of 2023 in coordination with some other OPEC and non-OPEC Participating Countries i…
Iraqi Ministry of Oil has affirmed the federal government’s keenness on speeding up the resumption of the Kurdistan Region of Iraq’s oil exports through the Turkish port of Ceyhan as well as work to bring views closer to serve the public interest.In a…
Iraq and Algeria announced Sunday a voluntary reduction in oil production, starting from May until the end of 2023.In a statement, the Iraqi Oil Ministry said it would reduce oil production by 211,000 barrels per day starting in May.The goal is to tak…
The Sultanate of Oman has announced Sunday that it will voluntarily cut production of 40,000 barrels of crude oil per day, starting from next May until the end of 2023, in coordination with some countries participating in the “OPEC Plus” agreement.The…