MENA oil exporters’ growth to increase in 2012
The oil exporting countries of the Middle East and North Africa are expected to see economic growth accelerate in 2012 to 6.6 percent. The...
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%...
Oil briefly rallying above $50
Crude-oil futures rose Tuesday briefly rallying above $50 a barrel for the first time in five weeks on evidence that members of the OPEC...
Oil prices rose 3.17 per cent last week as OPEC said...
U.S. crude oil futures ended lower last Friday, June 11, snapping a three-day winning streak, as disappointing U.S. retail sales out shadowed...
OPEC oil output falls in December: Platts survey
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...
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 Weekly Update
US crude oil futures fell last Friday, ending May with the worst monthly decline since December 2008, at the height of the financial crisis,...
Oil Current Overview and Outlook
WTI prices increase by 2.6% to USD105.11 per barrel in the review period
Increase in geo-political risk keep oil prices high
OPEC production (ex Iraq) increases...
First UAE company enters Northern Iraq’s oil exploration, production
BlackGold - a fully owned subsidiary of Al Zarooni Enterprises - has become one of the first UAE companies to enter the lucrative energy...
Dubai crude oil price determination
The Department of Oil Affairs in the government of Dubai today announced that it had advised its customers that the official price of Dubai...
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...
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...
Crude oil futures lost 9.2% on the week
Crude oil futures ended slightly higher last Friday in the U.S.
Crude oil for September delivery added 0.3%, or 25 cents, to $86.88 a...
Shift of Middle East crude oil from US & European markets...
The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and...
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...
Dubai crude oil cheaper in October
The Dubai Department of Oil Affairs announced today that it has set the official selling price of the Dubai crude for the next October...
“Iran’s crude output boost won’t hurt oil prices”
Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news...
OPEC holds production levels
OPEC has decided not to cut output, despite record levels of crude in inventories and weak demand forecasts, with some cartel members believed to...