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...
Oil rallies as stockpile growth slows
Oil rallied in early Wednesday trade in Asia after the biggest two-day slump in a month as U.S. industry data showed the pace 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...
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...
Petrol prices to rise again in UAE
Local petroleum products distributors have decided to hike the price of a liter of petrol by 20 fils as of 15th July...
Oil prices will test $30 a barrel sooner rather than later
On Friday, OPEC said it would keep its production level unchanged, basically legitimizing the 1.5 million barrels a day it has been producing over...
CrossTalk on Oil: Crude Truths
Experts are split is the world really running out of oil and natural gas? The answer to this question may very well determine the...
Global Oil Demand Growth Outlook lowered
The U.S. Energy Information Administration's short-term economic growth assumptions have been lowered substantially this month compared with August's Energy Outlook.
The latest forecast assumes that...
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...
Increase of Petrol Prices by 15 fils from Wednesday
The Petroleum Production Distribution companies in the country have decided to raise the prices of gasoline by 15 fils at various fuel stations nationwide...
Oil prices to jump 10% on supply fears and strong demand
The International Monetary Fund forecast oil prices will gain 10 percent on average in 2012 compared with a year earlier on possible supply disruptions...
WTI Crude Oil Price Rose On Middle East Tensions, Expectations of...
· WTI crude oil price increased by 18.41% to $58.16 per barrel
· Disappointing US economic growth; Euro-zone continues recovery
· Total oil demand growth stands...
World oil demand is projected to grow, according OPEC
Driven by global economic recovery, world oil demand is projected to grow 1.0 mb/d to 86.4 mb/d in 2011, according to OPEC Monthly...
OPEC members unable to agree on oil output
Members of OPEC, the Organization of the Petroleum Exporting Countries, today fail to ratify a proposal by four Middle Eastern countries to boost the...
Oil price struggles after controversial forecasts
On Tuesday Brent crude dipped below $100 per barrel for the first time in nine months. This caused worries among investors supported by weaker...
This is what happens when oil-rich nations can’t pay their bills
In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...