Crude Oil Prices May Push $75 Short Term

Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...

Bear Market in Oil May Last Another Decade

Bears are known for hibernating, but its the bulls in the oil market that might as well settle in for a long nap, according...

How Will OPEC Output Cuts Affect the Middle East

OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...

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,...

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...

Potential for Stronger Output Suppress Increase in Oil Prices

Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...

Oversupply Push Oil Prices Lower; “V-shaped Rebound” Likely

Oil prices ended higher last Friday, but suffered a weekly loss for the fifth time in a row. This is the longest run of...

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia...

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...

Is a Second OPEC Cut on The Cards?

OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...

Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises

A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...

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...

Despite low prices, MENA oil producers to spend heavily on projects

Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite...

DME starts 2017 with new open interest record

All-time record confirms growing interest and confidence in the Oman Crude Oil Futures Contract among global energy market players Dubai Mercantile Exchange (DME), the premier...

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 Price Outlook 2017

Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...

ADNOC committed to OPEC’s Output Cuts Agreement

The Abu Dhabi National Oil Company (ADNOC), in line with the recently agreed oil production cut resolution adopted by OPEC, is undertaking the necessary...

Oil Prices Push up after OPEC’s Production Cut

The price of Brent crude, the international benchmark for oil prices, jumped above $52 a barrel on Thursday after the Organization of the Petroleum...