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June 3, 2024

Oil Prices Steady as Investors Assess OPEC+ Output Cut Extension

Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025.

Brent futures for August delivery were down 14 cents, or 0.2%, to $80.97 a barrel.

US West Texas Intermediate (W…

IATA: Airlines Headed for Record Revenue in 2024

The International Air Transport Association (IATA) raised its profit forecast for the airline industry in 2024 and predicts revenue of $996 billion – a record high and a 9.7% jump on the previous year.

The profitability outlook for the year, released…

QSE Index Rises 11.27 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 11.27 points, or 0.12%, at the beginning of trading on Monday, reaching 9,396 points, compared to yesterday’s closing.

The general index was supported by a rise in five sectors: Real Estate b…