Oil Jobs Lost: 250.000 and Counting
Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again...
The Energy Information Administration expects oil price to average $93 a...
The Energy Information Administration in the US said on Tuesday, world oil consumption rose 2.2 million barrels per day in 2010 to 86.6 million,...
Oil vs The Market
Analysis and discussion with Stephen Schork of the Schork Report saying that the better place to look into invest maybe natural gas after surging...
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...
Petrol prices to rise again in UAE
Local petroleum products distributors have decided to hike the price of a liter of petrol by 20 fils as of 15th July...
Brent crude oil rose to around $114 per barrel
Deficit in North Sea supply makes oil prices to increase above $114
According to the forecasts North Sea supply deficit will ease when maintenance ends...
Oil prices will test $30 a barrel sooner rather than later
On Friday, OPEC said it would keep its production level unchanged, basically legitimizing the 1.5 million barrels a day it has been producing over...
Dubai Mercantile Exchange: Record two billion barrels traded since launch
The Dubai Mercantile Exchange Limited (DME) announced today that cumulative trading of its benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded...
OPEC oil output falls in December: Platts survey
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...
Crude oil advanced slightly for third consecutive week
Crude oil for October delivery managed to end the week in the positive, however only rose a little in weekly terms despite having ranged...
Gulf gas production has much bigger potential
Public-private partnerships key to expanding production and sustaining economic growth, says World Economic Forum Energy Security Council member
Addressing fellow members of the World Economic...
Weak Fundamentals Weigh on Oil Price
In electronic trade on Monday, oil futures fell further, adding to heavy losses suffered at the end of the previous week. Rising U.S. dollar...
First UAE company enters Northern Iraq’s oil exploration, production
BlackGold - a fully owned subsidiary of Al Zarooni Enterprises - has become one of the first UAE companies to enter the lucrative energy...
UAE is seeking to increase crude oil production
Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy stressed that the UAE is seeking to increase its production capacity to 3.5 million...
OPEC provides above oil market needs
OPEC pumps 1.62 million bpd above target in April
Global demand growth in 2012 rises to 900,000 bpd
OPEC is currently producing enough oil to keep...
Emerging Market Currency Depreciation May Hit Oil Demand
Currency depreciation in some emerging-market countries may slow global oil demand. They may need to utilize more subsidies to shield their industry and private...
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 and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...