COMMODITIES

Stock markets across the Gulf rallied on Thursday after oil prices steadied.

Analysts say oil price of $65 a barrel in 2015 will trigger the biggest drop in project finance in decades.

Brent crude oil reached a five-year-low of $58.50 a barrel this week.

Drilling project in EL 481 block is so far largest to put on hold after oil prices dropped by more than 40% since June.

Brent crude fell to its lowest level since 2009 as Opec producers seek to protect market share.

Africa's biggest economy expected to grow at slower rate than previously predicted.

Gold imports jumped in November to $5.61bn, helping push India's trade deficit to an 18-month high.

Brent oil has fallen below $60 a barrel for the first time since 2009.

Oil price had fallen to five and a half year lows on Monday morning before Libyan closures reported.

Rival militias have clashed at Libya's major oil export terminals over the weekend.

About a dozen US energy firms have cut spending plans for 2015 following over 40% drop in oil prices since June.

The IEA, oil cartel Opec and the US EIA have all lowered their 2015 demand forecasts.

Gunvor, the world's fifth largest oil trader, began physically trading the precious metal earlier this year.

Oil prices have lost over 40% since June this year on oversupply concerns.

Hunan Nonferrous Metals is mainland China's largest producer of non-ferrous metals excluding aluminium.

Oil prices have dropped 40% since June.

At least 15% of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55, says BoA.

Crude prices have dropped some 40% since June on oversupply concerns.

Russia and Venezuela worst hit but Saudi Arabia well positioned amid steep fall of oil revenues.

US produces about 3.5 million barrels of tight oil a day and some 9.5 trillion cubic feet of shale gas per year.

Falling oil prices could slash price British consumer pays at the pump.

Oil prices likely to hover at $65 a barrel over the next six to seven months.

Free fall in oil prices continues and Brent likely to remain at $65/barrel for next few months.

Norway's Statoil, British-owned Mosman Oil and Gas, India's ONGC Videsh among firms that bagged exploration permits.

Israel's Leviathan gas field could supply Jordan for 15 years under the deal.

Crude prices fall to around $68 a barrel on Monday.

Oil prices drop post release of Chinese monthly trade data that missed expectations.

The dollar hit a five-year high against a basket of currencies post the release of the upbeat US employment report.

Demand for dollar-denominated commodities such as gold typically weakens on a stronger greenback.