North American, European Oil and Petrochemical Companies Show Keen Interest in...
The participation of Jebel Ali Free Zone (Jafza), the flagship free zone business of Dubai, in Abu Dhabi International Petroleum Exhibition (ADIPEC), which ranks...
Oil reverses
Crude-oil futures bounced off 12-week lows in electronic trading Wednesday, as the U.S. dollar declined and encouraged buying in dollar-priced commodities, ahead of a...
Libya’s crude oil production falls amid civil unrest
Libya's crude oil production has fallen below one million barrels a day amid widespread protests at terminals, the country's state oil company said.
In a...
New Oil Discovery Strengthens UAE’s Position as 6th Largest Oil Reserves...
The Supreme Petroleum Council (SPC) announced today the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels...
Saudi Arabia, Russia and two other countries agree on oil production...
Saudi Arabia's oil minister has agreed to freeze oil production at January levels, indicating that the country may be willing to reassess its "lower...
Basra Oil & Gas International Conference & Exhibition Preview
Basra International Fair Ground
With proven reserves of around 143 billion barrels, Iraq has the third largest reserves in the world situated across 79 oil...
Oil Price Outlook 2017
Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...
Oil at two and half year high
Oil reached to its highest level since two years on Friday, as supply cuts stemming from attacks on Libyan oil fields offset demand concerns...
Quiet week ahead for Oil
Weak oil demand may continue to plague sentiment in the coming days.
The oil market is likely to stay quiet.
Looking ahead, the market may still...
Oil markets expected to continue to tighten
Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in...
Oil prices fell on possibility for direct nuclear talk
At the start of the week, oil traded under $97 per barrel. Optimistic news came out from the Middle East. Direct negotiations between US...
Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market
Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...
Expect petrol price hike
The UAE federal government has been fixing retail prices for petrol and diesel fuel at levels below retailers’ cost for the past many years....
Libya has declared force majeure on its oil contracts; Oil price...
Libya has declared force majeure on its oil contracts, Reuters reported Tuesday, citing oil traders. The news follows Libyan leader Col. Moammar Gadhafi's refusal...
Exploration, development spending fuels growth in worldwide oil and gas reserves
As a result of growth in Asia-Pacific gas reserves, investments in Canada’s oil sands and the dramatic increase of US shale reserves, worldwide oil...
Oil Market Outlook 2012
Global Investment House of Kuwait today released its Oil Market Outlook 2012. Here are the major highlights
Oil prices will remain “low for long, at least 3-5 years”
Fareed Zakaria, host of CNN’s flagship foreign affairs program ‘Fareed Zakaria GPS’ will interview two Indian icons later today, Sunday 21st of February. India’s...
Crude Oil Prices May Push $75 Short Term
Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...