A senior official of the United Arab Emirates (UAE) said on Sunday some Arab countries which are not members of Organization of Arab Petroleum Exporting Countries (OAPEC) triggered "the deterioration in oil prices due to irresponsible oil production," the state-run news agency WAM reported.
Turkey, an energy importing country, has been taking advantage of the falling oil prices to shrink its high current account deficit, experts agreed here on Thursday.
The recent mumbles by many that "China is exporting deflation" across the world does not conform to fact.
Oil prices which hit the lowest level for four years at global market will not fall downer, an Algerian energy expert said Sunday in Algiers.
Oil prices fell Thursday as traders worried that global crude supply might surpass demand.
Senior Russian officials urged the government Monday to promptly draft plans to downsize the nation's dependence on imports and high oil prices in order to avert possible recession.
South Korea's headline inflation fell to the lowest in nine months on the back of lower oil prices and the weak demand-side inflationary pressure caused by sluggish economic recovery, a government report showed Tuesday.
British inflation edged up higher in October, as transport prices fell less than expected and the cost of toys rose prior to Christmas.
South Korea's trade terms were improved for the first time in five months due to lower global oil prices, central bank data showed Thursday.
New Zealand's main gauges of inflation, the consumers price index (CPI) rose by 0.3 percent in the third consecutive quarter ending September, which brought the annual CPI increase to 1 percent, the government statistics agency announced Thursday.
U.S. crude price stabilized Monday after the market rebounded briefly late last week.
Crude price rebound Thursday after the market dropped significantly this week.
Crude prices rebounded Monday as traders started to buy after the prices have declined significantly in the past week.
South Korea's import prices fell for the sixth straight month amid lower global oil prices, indicating low inflationary pressures for the time being, central bank data showed Monday.
New Zealand's terms of trade held near a 40-year high during the quarter to the end of June, with the strong dollar holding down import price and offsetting a drop in exports, the government statistics agency announced Monday.
Falling dairy prices dragged down New Zealand's producer prices in the quarter to the end of June, while the high New Zealand dollar pushed up capital goods prices, the government statistics agency announced Tuesday.
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