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...
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...
Oil falls on output and demand concerns
Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...
UAE oil & gas companies eye up investment in Basra
UAE exhibitors to take firm role at international event in Basra as opportunities in Iraq continue to increase
The UAE’s oil and gas industry is...
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...
OPEC provides above oil market needs
OPEC pumps 1.62 million bpd above target in April
Global demand growth in 2012 rises to 900,000 bpd
OPEC is currently producing enough oil to keep...
GE Oil & Gas Awarded Contract Worth Over $200M for GASCO’s...
GE Oil & Gas has been awarded a contract worth over $200 Million, by Hyundai Engineering & Construction Company (HDEC), to supply...
Egypt unrest pushes Brent crude oil to $100 a barrel
The price of Brent crude oil has passed $100 a barrel for the first time since October 2008 on concerns about the political unrest...
Emerging Market Currency Depreciation May Hit Oil Demand
Currency depreciation in some emerging-market countries may slow global oil demand. They may need to utilize more subsidies to shield their industry and private...
OPEC’s crude oil production cut is still a hint
Oil prices surged last Friday on world markets, following a report in the Wall Street Journal quoting UAE's minister of energy as saying the...
DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium
Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...
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 posted its biggest weekly loss
Oil fell US$2 a barrel on Friday, May 07, and posted its biggest weekly loss in almost a year and a half following the...
Oil at two and half year high
Oil reached to its highest level since two years on Friday, as supply cuts stemming from attacks on Libyan oil fields offset demand concerns...
OPEC sees no falling oil prices in the near future
The Organization of Petroleum Exporting Countries (OPEC) doesn’t see possibilities for oil price decline. According to OPEC's Secretary-General Abdalla El-Badri comments to media, the...
UAE and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...
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...
New petroleum terminal to be build in Jebel Ali Free Zone
Horizon Terminals Ltd marks groundbreaking of US$142 million Bulk Liquid Petroleum Terminal in Jebel Ali Free Zone
Scheduled to be commissioned in the 4th quarter...