OPEC and Allies Have Cleared Oil Surplus
OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...
ADNOC Announces US $45 Billion Investment Plan
ADNOC to create the world’s largest integrated refining and petrochemicals complex in Ruwais, UAE
Creation of new partnership and investment opportunities to enable...
What Could Push Oil To $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy...
The Route for Transformation for the GCC Petrochemical Industry
Industrial consolidation can support value creation and build strategic, operational, and capabilities for the GCC petrochemical players to remain competitive globally.
The Boston Consulting Group...
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...
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...
Bear Market in Oil May Last Another Decade
Bears are known for hibernating, but its the bulls in the oil market that might as well settle in for a long nap, according...
How Will OPEC Output Cuts Affect the Middle East
OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...
DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium
Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...
UAE’s ADNOC Plans $14 Billion IPO
The Abu Dhabi National Oil Company (ADNOC) today announced the expansion of its partnership model to span the Group’s entire value chain as well...
Potential for Stronger Output Suppress Increase in Oil Prices
Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...
Oversupply Push Oil Prices Lower; “V-shaped Rebound” Likely
Oil prices ended higher last Friday, but suffered a weekly loss for the fifth time in a row. This is the longest run of...
Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia...
Supply Crunch Or Oil Glut: Investment Banks Can’t Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output...
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...
Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises
A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...
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...
Despite low prices, MENA oil producers to spend heavily on projects
Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite...