Oil rig count drives crude prices, not Brexit
Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the...
Increase of Petrol Prices by 15 fils from Wednesday
The Petroleum Production Distribution companies in the country have decided to raise the prices of gasoline by 15 fils at various fuel stations nationwide...
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...
Drones to be deployed to inspect assets all across GCC
Traditional ways of asset inspections become less relevant in the modern world as they are not only costly and time-consuming but also represent a...
GCC’s fuel subsidy reforms offer only modest fiscal space
While fuel subsidy reforms in members of the Gulf Cooperation Council (GCC) will help address pressure from low oil prices on public finances, these...
International speakers to discuss Iraqi energy market
Experts from across the industry take part in Basra Oil & Gas International Exhibition & Conference
Internationally acclaimed experts from across the oil and gas...
Goldman Sachs forecast slightly lower oil prices
Influential oil analysts at investment bank Goldman Sachs sees lower oil prices for 2013 and 2014. In its Thursday note to investors, the investment...
OPEC holds production levels
OPEC has decided not to cut output, despite record levels of crude in inventories and weak demand forecasts, with some cartel members believed to...
OPEC basket price slips to USD 69.71 pb
Organization of the Petroleum Exporting Countries (OPEC) said on Monday that its 12-crude basket price dipped by USD 3.02 to settle at...
Oil prices rise on Middle East uncertainty
Investors worry over supply while weak dollar boosts crude-oil prices
Oil futures moved up during European trading hours on Monday, because investors are concerned about...
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...
Commodities Wide Rally
Oil, copper, platinum, gold, silver lead the gains in the hope that demand will rise as the global economy recovers. Prices have rise in...
Will Oil break out of trading Rrange?
Interview and discussion with Edward Morse of the LCM Commodities. He shares his insights on how oil will trade in the future.
Finalists shortlisted for ADIPEC 2012 Awards
ADIPEC jury selects finalists from a pool of over 170 high-calibre candidates
After weeks of deliberation, the ADIPEC Awards Regional Select Jury (RSJ), has shortlisted...
Oil price extends losses
Oil price extended losses on Tuesday, as the dollar benefited from ongoing worries about European sovereign-debt issues and concerns about U.S. growth and oil...
Could the oil price crunch topple governments?
Egypt's oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel...
Reduce energy demands drive crude lower
Past weak, crude oil for September delivery had a rough two weeks as it sank to its lowest level in 11 - months, down...
DME Oman Crude Up Over 100% Since Historic Production Cuts
Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...