S&P Global Survey: Middle East Crude Prices Reflect Collapsing Oil Markets
A survey of different crude market participants conducted yesterday by S&P Global Platts speaks volumes about the plunge in official selling prices (OSP) of...
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...
Oil lost nearly 5%, below $95
Oil futures suffered steep losses on Wednesday. Oil for July delivery tumbled $4.84, or 4.9%, to $94.57 a barrel.
The dollar rallied more than 1%...
CFOs critical role in the economic survival of oil and gas...
With oil prices slowly recovering from the dramatic fall last summer which forced global organisations to put multi-million dollar projects on ice, ACCA (the...
Positive US employment data drove oil prices down
On Monday, oil prices edged down in respond to the positive US employment data released last Friday. The firm jobs growth brought concerns that...
Oil futures rose by 1.6 percent, topping $106
Crude oil prices rose to two and half year highs on Monday on heightened worries about supply disruption due to deepening civil unrest in...
Oil price extends losses
Oil price extended losses on Tuesday, as the dollar benefited from ongoing worries about European sovereign-debt issues and concerns about U.S. growth and oil...
Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production
On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....
Global Oil Demand Weakens, Bank Report
In November of last year, BofA expected global oil demand to grow by 0.95 million b/d in 2013. Now this number is revised down...
Oil and Gas Jobs in Demand
ENOC Applicants Double at Careers UAE 2010
ENOC, the Dubai Government-owned Oil and Gas Company announced today that the number of applications for oil...
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...
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...
Russia becomes world’s biggest oil producer
For decades the world's major oil producers have tried to control prices by cutting or raising supplies, which relied on all of them sticking to agreed quotas.
But unity...
Low oil prices is an opportunity for GCC economies to reinvent...
Dramatic drop in oil prices is a game changer for the macro outlook for 2015
‘Too low’ oil prices adds to the picture of rising...
Global Oil Demand Growth Outlook lowered
The U.S. Energy Information Administration's short-term economic growth assumptions have been lowered substantially this month compared with August's Energy Outlook.
The latest forecast assumes that...
OPEC pumps 28.94 million barrels per day in November
The Organization of the Petroleum Exporting Countries(OPEC) crude oil production rose to 28.94 million barrels per day (b/d) in November, an increase of 50,000...
Oil reverses
Crude-oil futures bounced off 12-week lows in electronic trading Wednesday, as the U.S. dollar declined and encouraged buying in dollar-priced commodities, ahead of a...
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...