Surplus in Inventory Suppresses Oil Prices
Thursday data on US crude inventories was higher than expected. In addition, the dollar gained more pushing oil future further down in electronic trading.
During...
2016 and 2017 Crude Oil Projections Lowered Further
The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...
Middle East Point of View: Resilience in Oil and Gas Industry
The increased oil production by Saudi Arabia and Russia combined with the COVID-19 pandemic, have precipitated a global economic slowdown that has left Oil...
Lack of solid market drivers dims crude oil price forecasts
This year oil prices will eventually struggle on weaker market fundamentals. The average Brent prices are expected to hold at around $107 per barrel...
Oil & Gas Summit kicks off in Dubai
Strategic two-day event explores effective water management in the oil & gas industry
The inaugural Global Water: Oil & Gas Summit opened today at the...
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...
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...
GCC Petrochemical Sector in Q1 of 2013
GCC Petrochemical Sector Quarterly – 1Q13
• GCC petrochemical capacity grew by 5.5% YoY during 2012
• Sector profit fell by 7.9% YoY but was up...
Valued over $1 trillion Saudi Aramco IPO could go global
As part of a privatization drive, Saudi Arabia is considering an IPO of Saudi Aramco, the world’s biggest crude oil producer, deputy crown price...
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...
Oil Inventory Data – In-Depth Look
Analysis and discussion with John J. Licata of Blue Phoenix talking about the latest oil inventory data.
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...
Oil futures ended above $104 a barrel
Oil futures ended above $104 a barrel Friday and registered a weekly gain of nearly 7% , as investors consider that turmoil in Libya...
UAE Plans to Lift Oil Production Capacity in 2013
The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...
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...
Crude Oil Prices Extend Gains
Crude oil prices extended gains in early Asia trade Monday as the market turned more bullish on expectations of smaller supply and growing demand.
On...
ADNOC Investor Forum Highlights Co-investment, Partnership Opportunities
The Abu Dhabi National Oil Company (ADNOC) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu...