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Oil and gas sector short of critical talent in the Middle...

Expanding into global and new markets top strategic priority for oil and gas sector executives in the Middle East Executives indicate critical talent shortages in...

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...

Oil trades near nine-month high

The Greek rescue deal is “a very good agreement,” European Central Bank President Mario Draghi said after the talks ended in Brussels. Finance ministers...

Untapped UAE oil fields hold over 500 mln barrels

UAE signed a memorandum of understanding  giving South Korean firms rights to develop oil fields in Abu Dhabi The three oil fields in the United...

2012 Oil Demand Outlook Lowered

Global oil demand in 2012 is expected to grow by 800,000 b/d from 2011, down from last month’s outlook for 1.1 million b/d of demand growth

Oil Market Outlook 2012

Global Investment House of Kuwait today released its Oil Market Outlook 2012. Here are the major highlights

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

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.

Brent, corn and gold investments to perform well in 2012

Commodities had an eventful year all-together, but ended the 2011 roughly unchanged. The energy-heavy MLCX TR and S&P GSCI TR indexes returned -2.6% and -1.2%...

Oil market fundamentals could ease over next five years

Oil market fundamentals could ease over the next five years, the International Energy Agency projected on Tuesday, revising down its demand forecasts through 2016 and revising up its supply projections after 2013.

Commodities growth to ease in 2012

Expectations of lower inflation is expected to reduce commodities’ appeal in 2012. Two of 2011’s strongest performing assets, gold and oil, are unlikely to replicate these returns in 2012.

Iran shoots down US drone; Oil could jump over $150

Iranian forces have shot down an American unmanned drone in the east of the country, according to Iran's state news agency.

Oil prices remain focused on Euro zone liquidity crisis solutions

Looking forward, oil prices will remain focused on talks that emerge from the meetings in Europe.

Next Decade – A Golden Age for Gulf Countries

Middle East petrochemical industry is entering into a golden age of opportunities, according to Mr. Khalid A. Al-Falih, President and CEO of Saudi Aramco, the world's largest oil company in terms of market capitalization.

Oil prices to rally on higher demand

Investors expect oil prices to rally on demand from China.

UAE Quarterly Economic Outlook

The UAE continues to be immune to the regional civil unrest.

Dubai neither doomed to fail, nor a safe haven

UAE looks better placed than other markets in CEEMEA at the current time.

Future demand for oil may pull oil price lower

EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.