Oil trades near nine-month high
The Greek rescue deal is “a very good agreement,” European Central Bank President Mario Draghi said after the talks ended in Brussels. Finance ministers...
UAE Most Attractive for Oil & Gas Contractors
The United Arab Emirates has become a central hub of the oil and gas industry in the region, according to a new study. Although...
Oil prices on recovery run
On Friday the price of oil jumped back again in electronic trade. The rebound came after two days of serious losses. Yet, a number...
2021 Oil Price Forecast Above $51, Goldman Sachs
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil...
UAE to chair OAPEC by 2010
The UAE will be a chair of the Arab Petroleum Exporting Countries (OAPEC) from 2010 in the framework of rotational presidency of the OAPEC...
Crude weakened as the dollar index rallied
February WTI Crude has fallen over $4.50 over the week, as traders booked profits from the Christmas rally and commodities weakened across the board...
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...
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...
OPEC does not interfere in crude oil prices
The UAE Energy Minister Mohammed Bin Dha'en Al-Hamili said the Organization of the Organization of the Petroleum Exporting Countries (OPEC) does not interfere in...
Oil prices remain focused on Euro zone liquidity crisis solutions
Looking forward, oil prices will remain focused on talks that emerge from the meetings in Europe.
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 Price above $87 and expected to go higher in the...
Oil prices rose more than 2 percent on Monday to their highest since October 2008, after data showed U.S. payrolls surged in March, the...
Shell Still Optimistic about Oil Price
Royal Dutch Shell PLC (RDSA) remains optimistic about the future of the oil price, despite its dramatic slump in recent months, Chairman Jorma Ollila...
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 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...
DME Oman Crude Up Over 100% Since Historic Production Cuts
Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...
Oil prices fall again on weak data, output doubts
Oil prices fell in early Asia trade Monday, dragged by weak Chinese manufacturing data and dimming prospects of a coordinated production cut by world's...