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FINANCIAL NEWS
Oil falls after Opec sticks to present production rates
05 Dec 2015
(MENAFN) Oil fell down after Opec will carry on producing at levels which will surpass its own goal.
Furthermore, the Organization of Petroleum Exporting Countries is dedicated to production of almost 31.5mn barrels a day.
However, oil has fallen since Saudi Arabia led Opec’s choice to keep producing and protect market share against higher-cost rivals.
Additionally, falling crude prices supported spur a rout in oil-industry stocks, while its Energy Sector Index dropped 21 percent in this year.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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