FUJAIRAH, Inventories of oil products at the bunker trading hub of Fujairah in the UAE climbed to a record this week after gains in light, middle and heavy distillates, according to data provided exclusively to S and P Global Platts.Inventories rose 13…

VIENNA, The price of OPEC basket of fourteen crudes stood at US$55.88 a barrel on Tuesday, 25th February 2020, compared with US$56.11 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the fol…

ABU DHABI, UAE banks invested up to AED141.4 billion during Q4 of 2019, a growth of 11.3 percent from AED127 bn during the preceding quarter, according to official statistics obtained by the Emirates News Agency, WAM.The growth is reflective of the str…