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Tag Archives: United Arab Emirates

Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

SINGAPORE (Reuters) – Oil prices jumped on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation’s output. International benchmark Brent crude futures were trading at $45.32 per barrel at 0440 GMT, up 70 cents or 1.6 percent from their last close. U.S. West Texas Intermediate (WTI) crude …

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Scientists warn of skyrocketing temperatures in Mena region

Dubai: Countries across the Middle East and North Africa could become so unbearably hot that sooner or later many residents may have to leave the region, scientists have warned. Results of a study conducted by researchers at the Max Planck Institute for Chemistry and the Cyprus Institute in Nicosia indicated that summer temperatures in the region will increase more than …

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