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...
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...
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...
Signals about global recovery faltering raise concerns about oil demand
In the oil market, analysts agree that any signals about global recovery faltering will raise concerns about future oil demand.
Oil prices slid from highs...
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...
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...
Libya’s crude oil production falls amid civil unrest
Libya's crude oil production has fallen below one million barrels a day amid widespread protests at terminals, the country's state oil company said.
In a...
Crude Prices Decline as Demand Projections Differ
The beginning of the week starts with mixed oil prices in early Asian session. The US market will not open today due to the...
Oil Prices to remain volatile
Analysis and discussion with Doug Sandler of Riverfront Investment Group
Oil Seen Heading to $20 on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly...
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...
Rising OPEC Crude Production Suppresses Oil Prices
Oil prices fell on Monday as rising production in the Middle East outweighed a decline in US output and a recent slide in the...
Oil Prices Need to Be $60 to $80 to Balance...
• Drilling and completion spending has dropped by 28% YoY since its 2014 peak, and BofA see another 5% decline next year
• Oil field...
Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble
WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...
Oil rally on price forecast upgrades
In reports published on Monday, both Goldman Sachs and Morgan Stanley increased their price forecasts for European benchmark Brent crude, citing decreasing spare capacity...
Brent crude oil prices to soar in 2013
Global economic activity is starting to accelerate
Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...
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
Shell Still Optimistic about Oil Price
Royal Dutch Shell PLC (RDSA) remains optimistic about the future of the oil price, despite its dramatic slump in recent months, Chairman Jorma Ollila...