OPEC issues Oil Market Highlights for May
The OPEC Secretariat has issued its monthly oil market report for May 2013.
Following are oil market highlights from the Monthly Oil Market Report by...
Potential Shortage of Global Oil Supplies in 3 Years
The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could...
OPEC basket price slips to USD 69.71 pb
Organization of the Petroleum Exporting Countries (OPEC) said on Monday that its 12-crude basket price dipped by USD 3.02 to settle at...
Oil dropped sharply from near $120 a barrel
Oil dropped sharply from two and half year highs, near $120 a barrel on Thursday, following Saudi Arabia's assurance it could fill any Libyan...
Oil Market sees Correction
Last week, crude oil for November delivery slumped to a low of $74.95 per barrel and subsequently found a base before heading higher. Tuesday‘s...
Growing M&A interest in MENA Oil and Gas industry
Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industryGlobal Oil and Gas transactions have suffered a modest decline in both...
Shift of Middle East crude oil from US & European markets...
The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and...
Commodities Wide Rally
Oil, copper, platinum, gold, silver lead the gains in the hope that demand will rise as the global economy recovers. Prices have rise in...
Global oil demand expected to rise, IEA
Global oil demand is expected to rise 1 million barrels a day next year compared to this year on muted economic recovery but growth...
2012 Oil Demand Outlook Lowered
Global oil demand in 2012 is expected to grow by 800,000 b/d from 2011, down from last month’s outlook for 1.1 million b/d of demand growth
45 Oil and Gas Transactions in MENA, up 14% from 2011
With an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most...
3rd Biggest OPEC Producer Cuts Fuel Subsidy as Oil Price Crash...
The United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting 1st of August. It will...
Rising OPEC Crude Production Suppresses Oil Prices
Oil prices fell on Monday as rising production in the Middle East outweighed a decline in US output and a recent slide in the...
OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...
Shell wins fuel concession for Dubai World Central
Dubai World Central - Al Maktoum International Airport at Jebel Ali in Dubai has granted a fuel concession to Shell Aviation - the aviation...
Dubai crude oil cheaper in October
The Dubai Department of Oil Affairs announced today that it has set the official selling price of the Dubai crude for the next October...
Finalists shortlisted for ADIPEC 2012 Awards
ADIPEC jury selects finalists from a pool of over 170 high-calibre candidates
After weeks of deliberation, the ADIPEC Awards Regional Select Jury (RSJ), has shortlisted...
Oil market undergoing positive ‘supply shock’: IEA
The oil market is undergoing a positive "supply shock" as production in North America continues to grow at a record pace and refining capacity...