Oil & Gas

Global oil demand growth in 2012 remained unchanged at 0.9 million barrels a day, but uncertainty surrounds the 2013 forecast, according to latest monthly...

Global oil demand is expected to rise 1 million barrels a day next year compared to this year on muted economic recovery but growth...

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...

Strategic two-day event explores effective water management in the oil & gas industry The inaugural Global Water: Oil & Gas Summit opened today at the...

Expanding into global and new markets top strategic priority for oil and gas sector executives in the Middle East Executives indicate critical talent shortages in...

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...

The International Monetary Fund forecast oil prices will gain 10 percent on average in 2012 compared with a year earlier on possible supply disruptions...

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...

Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed by 400,000 barrels per day (b/d) to 31.27 million b/d in...

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 signed a memorandum of understanding  giving South Korean firms rights to develop oil fields in Abu Dhabi The three oil fields in the United...

Global oil demand in 2012 is expected to grow by 800,000 b/d from 2011, down from last month’s outlook for 1.1 million b/d of demand growth

Global Investment House of Kuwait today released its Oil Market Outlook 2012. Here are the major highlights

International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate

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....

From a short-term perspective, supply disruptions eventually caused by geopolitical issues from Iran and Nigeria are expected to leave an upward bias on the price of crude oil for future delivery.

Oil market fundamentals could ease over the next five years, the International Energy Agency projected on Tuesday, revising down its demand forecasts through 2016 and revising up its supply projections after 2013.

Looking forward, oil prices will remain focused on talks that emerge from the meetings in Europe.