UAE oil output is 2.6mbpd: Energy Minister
The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammed bin Dhaen Al Hamili.
In a statement...
Reduced Demand For Global Oil Supply May Be Permanent
Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for...
Reduce energy demands drive crude lower
Past weak, crude oil for September delivery had a rough two weeks as it sank to its lowest level in 11 - months, down...
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....
Oil Prices Remain Flat on Strong Supplies
Oil prices slipped in early Asian trade on Monday on a strong dollar as the odds grow of a June or July rate hike,...
Surplus in Inventory Suppresses Oil Prices
Thursday data on US crude inventories was higher than expected. In addition, the dollar gained more pushing oil future further down in electronic trading.
During...
Petrol prices to rise again in UAE
Local petroleum products distributors have decided to hike the price of a liter of petrol by 20 fils as of 15th July...
Oil production freeze talks in Doha have run into some last-minute...
Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...
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...
OPEC sees no falling oil prices in the near future
The Organization of Petroleum Exporting Countries (OPEC) doesn’t see possibilities for oil price decline. According to OPEC's Secretary-General Abdalla El-Badri comments to media, the...
2012 global oil demand growth forecast lowered
International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate
Oil Seen Heading to $20 on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly...
Brent crude oil rose to around $114 per barrel
Deficit in North Sea supply makes oil prices to increase above $114
According to the forecasts North Sea supply deficit will ease when maintenance ends...
Recovery in Dubai crude price provides some relief to upstream producers...
Moody's Investors Service says the recovery in the price of Dubai crude will provide some support to upstream oil companies, which have seen their...
Oil rallies as stockpile growth slows
Oil rallied in early Wednesday trade in Asia after the biggest two-day slump in a month as U.S. industry data showed the pace of...
This is what happens when oil-rich nations can’t pay their bills
In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...
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...
UAE Plans to Lift Oil Production Capacity in 2013
The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...