World oil demand is projected to grow, according OPEC
Driven by global economic recovery, world oil demand is projected to grow 1.0 mb/d to 86.4 mb/d in 2011, according to OPEC Monthly...
OPEC members unable to agree on oil output
Members of OPEC, the Organization of the Petroleum Exporting Countries, today fail to ratify a proposal by four Middle Eastern countries to boost the...
This is what happens when oil-rich nations can’t pay their bills
In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...
UAE Committed to OPEC+ Agreement
The UAE on Thursday affirmed its commitment to the OPEC+ agreement.
''The UAE remains committed to the OPEC+ agreement and its existing monthly production adjustment...
OPEC cuts production, oil demand unchanged
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...
Oil demand growth expected to remain subdued in 2016
Having peaked, at a five-year high of 1.6m barrels per day (mb/d) in 2015, global oil demand growth is forecast to ease back considerably...
UAE’s ADNOC Plans $14 Billion IPO
The Abu Dhabi National Oil Company (ADNOC) today announced the expansion of its partnership model to span the Group’s entire value chain as well...
US Oil Spill
The oil industry is crucial to those living on the coasts of Louisiana, Mississippi and Alabama - for years it has brought in money...
Oil and gas sector short of critical talent in the Middle...
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...
Crude oil forecasts raised
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.
UAE oil output is 2.6mbpd: Energy Minister
The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammed bin Dhaen Al Hamili.
In a statement...
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...