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DME Oman Crude Up Over 100% Since Historic Production Cuts

Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...

Reduced Demand For Global Oil Supply May Be Permanent

Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for...

2021 Oil Price Forecast Above $51, Goldman Sachs

Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil...

Middle East Point of View: Resilience in Oil and Gas Industry

The  increased oil production by Saudi Arabia and Russia combined with the COVID-19 pandemic, have precipitated a global economic slowdown that has left Oil...

COVID-19 & OPEC – What Is The New Normal?

Refinitiv released a special report.pdf on Covid-19 and the implications on global oil markets. Covid-19 has significantly impacted global economic outlook and oil demand as global...

OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19

An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...

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...

Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market

Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...

S&P Global Survey: Middle East Crude Prices Reflect Collapsing Oil Markets

A survey of different crude market participants conducted yesterday by S&P Global Platts speaks volumes about the plunge in official selling prices (OSP) of...

Drones to be deployed to inspect assets all across GCC

Traditional ways of asset inspections become less relevant in the modern world as they are not only costly and time-consuming but also represent a...

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...

DME issued a public consultation to add Abu Dhabi Murban crude...

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, issued today a public consultation to add Abu Dhabi Murban...

The $32 Trillion Push To Disrupt The Entire Oil Industry

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers...

ADNOC Investor Forum Highlights Co-investment, Partnership Opportunities

The Abu Dhabi National Oil Company (ADNOC) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu...

DME Launches Eight New Oil Contracts

Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East announced the launch of eight new oil listings...

OPEC and Allies Have Cleared Oil Surplus

OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...

ADNOC Announces US $45 Billion Investment Plan

ADNOC to create the world’s largest integrated refining and petrochemicals complex in Ruwais, UAE Creation of new partnership and investment opportunities to enable...

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...