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Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises

A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...

OPEC raises 2013 forecast for world oil demand

Global demand for oil is now expected to grow more than previously estimated, according to the Organization of the Petroleum Exporting Countries monthly report...

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...

Potential for Stronger Output Suppress Increase in Oil Prices

Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...

Oil Prices might breach $100 per barrel mark in three years

A leading South Korean economic think-tank has observed that the world's crude oil prices might surge to break through the psychologically important $100 per...

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.

Growing M&A interest in MENA Oil and Gas industry

Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industry Global Oil and Gas transactions have suffered a modest decline in both...

GCC Petrochemical Sector in Q1 of 2013

GCC Petrochemical Sector Quarterly – 1Q13 • GCC petrochemical capacity grew by 5.5% YoY during 2012 • Sector profit fell by 7.9% YoY but was up...

OPEC pumps 28.94 million barrels per day in November

The Organization of the Petroleum Exporting Countries(OPEC) crude oil production rose to 28.94 million barrels per day (b/d) in November, an increase of 50,000...

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...

Oil futures ended above $104 a barrel

Oil futures ended above $104 a barrel Friday and registered a weekly gain of nearly 7% , as investors consider that turmoil in Libya...

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...

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...

Crude oil prices climb higher

In Thursday’s electronic trading session crude oil future prices climbed higher. This added a bit more to the previous session strong rally. Additional support...

Oil production freeze talks in Doha have run into some last-minute...

Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...

5 Industries Worried About Peak Oil

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is...

Crude price recovery remains long term perspective; Oil production expected to...

The idea that oil prices will bottom out, and a period of retrenchment will begin, isn’t entirely new. Investments in exploration and production are...

Oil Price Fall Reflect on UAE Job Market

2015 salary projections for the United Arab Emirates had to be recently revised and readjusted. As a result, salary hikes in the country are...