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Oil prices fall again on weak data, output doubts

Oil prices fell in early Asia trade Monday, dragged by weak Chinese manufacturing data and dimming prospects of a coordinated production cut by world's...

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 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...

Oil to reach $85 this year

Goldman Sachs says oil will reach $85 a barrel by the end of the year.

Oil Industry Faces Huge Worker Shortage

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling...

Dubai new oilfield operation will begin within a year

An offshore oilfield announced by Dubai this week is likely to begin commercial production within a year. The field which is named al-Jalila will...

Brent crude oil prices to soar in 2013

Global economic activity is starting to accelerate Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...

Dana Gas moves ahead with plans for 1,000 sq km offshore...

Equipment and materials ordered, contracts to be awarded Dana Gas, the Middle East's first and largest regional private-sector natural gas company, is moving ahead with...

Where Will Oil Prices Go After Algiers?

Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this...

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...

GE Oil & Gas Awarded Contract Worth Over $200M for GASCO’s...

GE Oil & Gas has been awarded a contract worth over $200 Million, by Hyundai Engineering & Construction Company (HDEC), to supply...

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...

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...

Oil Market Outlook 2011

Average WTI crude oil prices increase by 28.3%YoY to USD79.5 per barrel in 2010. European debt crisis and slow recovery in the US to keep...

Crude oil futures lost 9.2% on the week

  Crude oil futures ended slightly higher last Friday in the U.S. Crude oil for September delivery added 0.3%, or 25 cents, to $86.88 a...

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,...

Global oil demand expected to rise, IEA

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

5 Industries Worried About Peak Oil

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is...