Editor's Blog

Investing in the future

Investment in new technology to boost oil production in the Middle East could suffer as a result of falling oil prices. That was the prediction made by the Qatari Minister of State for Energy and Industry H E Dr Mohamed Bin Saleh Al Sada this week.

Turbulent times

The news that the US government is working on a plan to support homeowners in financial strife has pushed US oil futures to US$35 a barrel. This upturn followed a five-day drop in prices amidst doubts over the efficacy of the US bank rescue plan.

Light at the end of the tunnel

Oil prices finally appear to be on the up again following the announcement that President Barack Obama's US$800 billion stimulus package has been approved.

Boom to bust

According to a report published by the Bahrain based Gulf Finance House, the dramatic reversal in oil and gas prices has ended the six-year economic boom enjoyed by the Gulf states. The report states that the good times are officially over in the Gulf - for now at least - thanks to the plunging price of crude oil coupled with the effects of the global economic downturn leading to tighter liquidity.

Cash or cheque?

Hands up who agrees that US$3 million in cold, hard cash is not a bad pay day for just two months' 'work'? I use 'work' in the loosest possible sense of the word because this isn't exactly 9-5, and you probably won't be paying income tax.