volatile oil

The planned IPO of Saudi Aramco is part of a broader reform push in the country that will reduce the reliance of both the company and the Kingdom on cyclical oil revenues so that neither are at the mercy of increasingly volatile oil prices.

"With cash flows expected to improve in the second half, these fields are supporting a gradual reduction in debts which we see as crucial to improving Tullow's ability to manage a volatile oil price."

The oil refining sector in Pakistan experienced a challenging business environment in the first nine months of the current fiscal year marked by the economic slowdown, volatile oil prices, devaluation of the Rupee, and weak upliftment of furnace oil (FO).

French energy major Total said its net profit for the first three months of the year fell four per cent to $2.8 billion compared with a year ago due to volatile oil prices and debt costs, despite record oil and gas output.

Air Berlin Plc, one of SR Technics's customers, filed for insolvency last year amid fierce competition and volatile oil prices.

SunTrust analyst Welles Fitzpatrick has lowered his price target on select energy exploration and production companies as part of his broader sector note, citing rig count declines, volatile oil prices, and low visibility from delayed 2019 guidance to Q4 earnings.

Affected by everything from volatile oil prices, emerging markets turmoil, regional geopolitical developments, US-China trade dispute and US Fed rate hike, the year 2018 was one of the toughest years for the Muscat Securities Market (MSM).

SEBI chairman Ajay Tyagi said, "The capital markets, globally, have been quite volatile during the current year and are likely to remain so in coming times on account of various factors such as US Fed rate hikes, volatile oil prices, intensifying trade conflicts and sanctions.

The report, citing findings from the International Monetary Fund, said the UAE economy had displayed "flexibility and adaptability in the face of low and volatile oil price challenges over the past years".

Earlier, BSP Governor Nestor Espenilla said monetary authorities are not letting their guard down as there is a need to closely monitor rising core inflation that excludes the volatile oil and food prices.

"We anticipate that GCC sovereigns will likely prioritise funding to key regional partners in the context of volatile oil prices, weaker GCC net asset positions, and their respective domestic agendas of diversifying their economies away from hydrocarbons," said Trevor Cullinan, an S&P analyst.