Dana Gas moves ahead with plans for 1,000 sq km offshore...
Equipment and materials ordered, contracts to be awarded
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, is moving ahead with...
Dubai Mercantile Exchange hits new records in open interest and physical...
The Dubai Mercantile Exchange (DME) announced today that a new record total open interest of 19,867 was achieved in its flagship DME...
Future demand for oil may pull oil price lower
EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.
5 Industries Worried About Peak Oil
The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is...
Global oil market might begin rebalancing in 2017, IEA
IEA medium-term report sees oil market rebalancing in 2017, but investment cuts pose supply security risks down the road
Global oil supply growth is plunging...
How Fake is Our News?
Hardly a day goes by without media and sometimes government claims that Russia has been utilising social media tools to spread fake news and...
Oil Outlook: Market drawn by speculation for short term
Analysis and Discussion with Stephen Schork of the Schork Report
Oil prices rose 3.17 per cent last week as OPEC said...
U.S. crude oil futures ended lower last Friday, June 11, snapping a three-day winning streak, as disappointing U.S. retail sales out shadowed...
Untapped UAE oil fields hold over 500 mln barrels
UAE signed a memorandum of understanding giving South Korean firms rights to develop oil fields in Abu Dhabi
The three oil fields in the United...
Crude Prices Decline as Demand Projections Differ
The beginning of the week starts with mixed oil prices in early Asian session. The US market will not open today due to the...
Oil Trades Below $50; Could Plummet to $35 a Barrel
Oil futures fell on Wednesday, with U.S. prices settling below $50 a barrel for the first time since early April. The reason for this...
Crude Short Term Perspective
Crude rallied strongly into Christmas, closing in New York at a 2-year high of $91.50 on 23 December. China‘s Christmas day rate hike of...
High Oil Prices will constrain Economic Growth
During the last century, cheaper oil prices gave a boost to global economic growth. However, during the last decade, prices for oil surged, and...
Global Oil Demand Weakens, Bank Report
In November of last year, BofA expected global oil demand to grow by 0.95 million b/d in 2013. Now this number is revised down...
Is a Second OPEC Cut on The Cards?
OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...
Current levels of Oil Prices “acceptable and reasonable” for Producers &...
Current levels of oil prices in the range of 70-80 dollars per a barrel are ''acceptable and reasonable'' for both producers and consumers, H.E....
Growing M&A interest in MENA Oil and Gas industry
Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industry
Global Oil and Gas transactions have suffered a modest decline in both...