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Has the unprecedented financial crisis changed even the fundamentals of supply and demand's effect on price?

The price of oil fell despite Opec's decision to cut crude output from Nov 1. Has the unprecedented financial crisis changed even the fundamentals of supply and demand's effect on price?

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Sound & Vision

  • Video: At least eight dead in Afghan blasts Watch Video

    Video: At least eight dead in Afghan blasts (Video)

  • Video: George Michael hospitalized, Emma Watson in Cannes Watch Video

    Video: George Michael hospitalized, Emma Watson in Cannes (Video)

  • Video: Two bombings at mosques in Northwestern Pakistan Watch Video

    Video: Two bombings at mosques in Northwestern Pakistan (Video)

  • Video: Human Rights Watch says they've found torture devices, documents in Syria Watch Video

    Video: Human Rights Watch says they've found torture devices, documents in Syria (Video)

  • Video: Turkish president calls for less talk and more action on Syria Watch Video

    Video: Turkish president calls for less talk and more action on Syria (Video)

  • Video: Crews assess Texas tornado damage Watch Video

    Video: Crews assess Texas tornado damage (Video)

  • Video: Afgan suicde attack in Kabul Watch Video

    Video: Afgan suicde attack in Kabul (Video)

  • Video: Cyclone kills at least six in Bangladesh Watch Video

    Video: Cyclone kills at least six in Bangladesh (Video)

  • Video: Pope rails against 'dictatorship of the economy' Watch Video

    Video: Pope rails against 'dictatorship of the economy' (Video)

Business

Poll

With Samsung’s Galaxy S4 ready for launch in the UAE, is now the time that you will ditch your iPhone 5?

Editor's Picks

Teach kids values and the world is their oyster

Gary Clement for The National

On the money: My son and I are creating our very own adventure book. A sort of scrapbook where we're writing down where we want to travel to, sticking in photographs of the places, including maps, writing bits of information - and a target date.  Teach kids values and the world is their oyster

Digital advertising spend 'extremely low' in region

Most companies in the region allocate 15 per cent of their advertising budget on digital of which 12-13 per cent goes towards internet advertising. Stephen Lock / The National

The disparity between smartphone users and advertising spend on mobile and digital in the Middle East and North Africa region is one of the highest in the world according to research from Deloitte.  Digital advertising spend 'extremely low' in region

Great Gatsby in the Middle East: when movie merchandising goes high-end

bz17-tiffany

Tiffany & Co designed the jewelry worn by the stars in Baz Luhrmann's new film version of The Great Gatsby, which premieres in the UAE today. The collection is now available in stores in the Middle East.  Great Gatsby in the Middle East: when movie merchandising goes high-end

UAE bourses among world's top performers

Abu Dhabi Stock Exchange. Christopher Pike / The National

The UAE's stock markets are among the world's best performing this year, as banks resume lending, property deals sell out, and seasoned institutional investors scour the Emirates for bargains.   UAE bourses among world's top performers

$1 billion Viceroy Hotel set for Palm Jumeirah

Skai Holdings' $1 billion hotel and furnished residences project on The Palm Jumeirah will be operated by Viceroy Hotel and Resorts. Courtesy Skai

Skai Holdings, which is building the property, says it will feature 10 of the world's "best restaurants" as well as a gourmet market, bakery, beach club and three outdoor swimming pools.  $1 billion Viceroy Hotel set for Palm Jumeirah

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Sound & Vision

Video: TDIC on the Louvre and Saadiyat Beach Villa project

Video: TDIC on the Louvre and Saadiyat Beach Villa project(Video)

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Video: Aldar optimistic about key developments

Video: Aldar optimistic about key developments(Video)

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Video: Facebook ventures into the travel sector

Video: Facebook ventures into the travel sector(Video)

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Video: A look inside the Kaloti gold refinery

Video: A look inside the Kaloti gold refinery(Video)

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