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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil falls below $70 as global supplies rise

Higher oil production, global trade woes maul crude bulls.

10 Nov 2018 1:13 AM IST

Opec ministers from Saudi Arabia, the UAE, Kuwait and Algeria along with their counterpart from non-Opec Oman met unofficially in Kuwait on Saturday.

Oil prices dip as Opec mulls higher output

US crude production climbed to 10.47mbpd in March.

5 Jun 2018 2:12 AM IST