EIA expects oil to reach $103 a barrel till year end
The Energy Information Administration of the Department of Energy predicts that the Brent crude oil spot price will reach about $103 per barrel during...
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...
OPEC sees no falling oil prices in the near future
The Organization of Petroleum Exporting Countries (OPEC) doesn’t see possibilities for oil price decline. According to OPEC's Secretary-General Abdalla El-Badri comments to media, the...
Oil tumbled 6.3% on negative data
U.S. crude oil futures lost more than 6 percent, the biggest one-day percentage drop in six weeks, as recession fears resurfaced following Wednesday's bleak...
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...
Global oil market might begin rebalancing in 2017, IEA
IEA medium-term report sees oil market rebalancing in 2017, but investment cuts pose supply security risks down the road
Global oil supply growth is plunging...
Oil & Gas Summit kicks off in Dubai
Strategic two-day event explores effective water management in the oil & gas industry
The inaugural Global Water: Oil & Gas Summit opened today at the...
Supply Crunch Or Oil Glut: Investment Banks Can’t Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output...
OPEC raises 2011 oil demand forecast
The Organization of Petroleum Exporting Countries raised on Monday its forecast for global oil demand for this year.
OPEC said it now expects world oil...
Crude oil forecasts raised
From a short-term perspective, supply disruptions eventually caused by geopolitical issues from Iran and Nigeria are expected to leave an upward bias on the price of crude oil for future delivery.
UAE oil & gas companies eye up investment in Basra
UAE exhibitors to take firm role at international event in Basra as opportunities in Iraq continue to increase
The UAE’s oil and gas industry is...
Oil outlook remains strong
There was a contract change for crude oil this week as volume on September delivery increased and the price rose for the fourth consecutive...
UAE Plans to Lift Oil Production Capacity in 2013
The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...
UAE Most Attractive for Oil & Gas Contractors
The United Arab Emirates has become a central hub of the oil and gas industry in the region, according to a new study. Although...
Crude weakened as the dollar index rallied
February WTI Crude has fallen over $4.50 over the week, as traders booked profits from the Christmas rally and commodities weakened across the board...
Oil rallies on bargain hunting, renewed optimism
Crude-oil futures rallied 3.4% on Thursday, as bargain-hunting spread encouraged by U.S. stocks gain, driven by renewed optimism about the U.S. economy into most...