Gulf Business NewsAbu Dhabi to Combine Two Offshore Oil, Gas Units Amid Price DropBloombergAbu Dhabi, holder of about 6 percent of global oil reserves, is reining in spending as the decline in oil prices slows economic growth and plans to cut costs by comb …

BloombergSaudi Arabian Stocks Lead Gulf Gains as Oil Offsets Fed ConcernBloomberg“The oil situation will top rate-hike concerns for the region, giving some room for a rebound in stocks in the short term, mostly in Saudi Arabia,” said Saleem Khokhar, the Ab …

BloombergAbu Dhabi Merger to Build Oil Producer Dwarfing OPEC's LibyaBloombergLike other oil producers in the region, Abu Dhabi is struggling to maintain state spending after crude prices fell by half since 2014. A union of Mubadala with IPIC would cre …

Abu Dhabi Merger to Create Oil Producer Dwarfing OPEC's LibyaBloombergLike other oil producers in the region, Abu Dhabi is struggling to maintain state spending after crude prices fell by half since 2014. A union of Mubadala with IPIC would create an e …

Oil gains more ground after EIA reports 4.1 million-barrel fall in US crude suppliesMarketWatchOil futures added to earlier gains on Wednesday after theU.S. Energy Information Administration reported that domestic crude supplies fell by 4.1 million barrels …

The AustralianCaltex squeezed by oil fallsThe AustralianThe fall reflects the oil price rise squeezing its refiner margin — in the first five months of the year at least — to $US9.80 a barrel. That was well short of $US16-a-barrel margins enjoyed in the pr …

BloombergOil Rises to Seven-Month High as Abu Dhabi Sees Surplus EasingBloombergOil has surged about 85 percent from a 12-year low earlier this year on a combination of unexpected supply disruptions and a persistent decline in U.S. output, which is under p …

In The Midst Of A Downturn, Some In Oil Industry Are Prepping For A BounceNPRThe plunging price of crude oil is good for motorists but bad for those in the industry. And nowhere is that pain more acute than in West Texas, where many are hunkered down with …

BloombergBonds Buy Time for Arab Oil States in for $900 Billion ShortfallBloombergThe impending issuance is a sign the world's biggest oil-exporting region wants to move away from plundering rainy-day funds to bridge the $900 billion of fiscal shortfal …

BloombergSaudi Arabia Leads Gulf Stock Drop as Traders Wait on Oil MeetBloombergAt least 16 nations representing about half the world's oil output, including Saudi Arabia and Russia, are gathering on Sunday in the Qatari capital to discuss limiting pro …