DME starts 2017 with new open interest record
All-time record confirms growing interest and confidence in the Oman Crude Oil Futures Contract among global energy market players
Dubai Mercantile Exchange (DME), the premier...
Oil and Gas Industry Adapts to The New Normal
Where the energy business takes place is now redefined by new fundamental shifts in the oil and gas industry.
Triggered by low oil prices, such...
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...
ADNOC committed to OPEC’s Output Cuts Agreement
The Abu Dhabi National Oil Company (ADNOC), in line with the recently agreed oil production cut resolution adopted by OPEC, is undertaking the necessary...
Oil Prices Push up after OPEC’s Production Cut
The price of Brent crude, the international benchmark for oil prices, jumped above $52 a barrel on Thursday after the Organization of the Petroleum...
Where Will Oil Prices Go After Algiers?
Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this...
Oil prices officially charged into a bull market
Crude oil prices have advanced more than 20% from their August 2nd low over the past several sessions, signifying a bull-market run.
According to market...
Oil Industry Faces Huge Worker Shortage
The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling...
Morgan Stanley Warns That Rising Rig Count Could Undo Oil Prices...
In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one...
Oil rig count drives crude prices, not Brexit
Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the...
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,...
What Does The Next OPEC Meeting Have In Store?
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and...
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...
Is a “V-Shaped” Oil Prices Recovery on the Horizon?
A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...
Abu Dhabi Plans Bonds Sale
Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds for the first time in more...
Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble
WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...
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...
Oil market to “move close to balance” in H2 of 2016
Evidence of falling U.S. production and a drop in supplies outside of OPEC will help the oil market "move close to balance" in the...