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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...

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...

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...

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...

ADNOC Announces US $45 Billion Investment Plan

ADNOC to create the world’s largest integrated refining and petrochemicals complex in Ruwais, UAE Creation of new partnership and investment opportunities to enable...

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...

How Fake is Our News?

Hardly a day goes by without media and sometimes government claims that Russia has been utilising social media tools to spread fake news and...

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...

Shift of Middle East crude oil from US & European markets...

The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and...

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...

North American, European Oil and Petrochemical Companies Show Keen Interest in...

The participation of Jebel Ali Free Zone (Jafza), the flagship free zone business of Dubai, in Abu Dhabi International Petroleum Exhibition (ADIPEC), which ranks...

OPEC and Allies Have Cleared Oil Surplus

OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...

What Could Push Oil To $100?

If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy...

The Route for Transformation for the GCC Petrochemical Industry

Industrial consolidation can support value creation and build strategic, operational, and capabilities for the GCC petrochemical players to remain competitive globally. The Boston Consulting Group...

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...

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...

Crude oil prices climb higher

In Thursday’s electronic trading session crude oil future prices climbed higher. This added a bit more to the previous session strong rally. Additional support...

Oil Prices Make a Comeback; Now Buy Property in Dubai

Crude-oil futures rallied well above $50 a barrel to settle at their highest levels of 2015 on Tuesday. Some analysts believe that oil prices...