MENA oil exporters’ growth to increase in 2012
The oil exporting countries of the Middle East and North Africa are expected to see economic growth accelerate in 2012 to 6.6 percent. The...
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...
Oil price struggles after controversial forecasts
On Tuesday Brent crude dipped below $100 per barrel for the first time in nine months. This caused worries among investors supported by weaker...
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...
Can Saudi Arabia Still Sway The Oil Market?
Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the...
Dubai crude oil cheaper in October
The Dubai Department of Oil Affairs announced today that it has set the official selling price of the Dubai crude for the next October...
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...
Current levels of Oil Prices “acceptable and reasonable” for Producers &...
Current levels of oil prices in the range of 70-80 dollars per a barrel are ''acceptable and reasonable'' for both producers and consumers, H.E....
Shell Still Optimistic about Oil Price
Royal Dutch Shell PLC (RDSA) remains optimistic about the future of the oil price, despite its dramatic slump in recent months, Chairman Jorma Ollila...
Are Oil Majors Ready to Become Part of The Climate Change...
The list of companies making deep pledges on the environment is growing longer by the day. About one-quarter of Fortune 500 businesses now have...
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...
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...
2012 global oil demand growth forecast lowered
International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate
Regional Markets To Follow Developments On OPEC+ Deal
Global equity markets recorded a negative performance during the week as economic indicators have started reflecting meaningful impact to growth, pushing the world into...
Expect petrol price hike
The UAE federal government has been fixing retail prices for petrol and diesel fuel at levels below retailers’ cost for the past many years....
Oil prices officially charged into a bull market
Crude oil prices have advanced more than 20% from their August 2nd low over the past several sessions, signifying a bull-market run.
According to market...
Oil prices jump 10% in a month
Over the last month oil prices rose by 10% with the support of several events. Saudi Arabia has cut down its oil output. The...
Oil Current Overview and Outlook
WTI prices increase by 2.6% to USD105.11 per barrel in the review period
Increase in geo-political risk keep oil prices high
OPEC production (ex Iraq) increases...