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...
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...
Dana Gas moves ahead with plans for 1,000 sq km offshore...
Equipment and materials ordered, contracts to be awarded
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, is moving ahead with...
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...
Oil reverses
Crude-oil futures bounced off 12-week lows in electronic trading Wednesday, as the U.S. dollar declined and encouraged buying in dollar-priced commodities, ahead of a...
Crude oil futures lost 9.2% on the week
Crude oil futures ended slightly higher last Friday in the U.S.
Crude oil for September delivery added 0.3%, or 25 cents, to $86.88 a...
Oil Inventory Data – In-Depth Look
Analysis and discussion with John J. Licata of Blue Phoenix talking about the latest oil inventory data.
Energy Outlook – Oil consumption grows in second half
How High is Oil Headed? - Analysis and Discussion with Lawrence Eagles of JP Morgan Chase & Co.
Libya has declared force majeure on its oil contracts; Oil price...
Libya has declared force majeure on its oil contracts, Reuters reported Tuesday, citing oil traders. The news follows Libyan leader Col. Moammar Gadhafi's refusal...
High oil prices harm global economy
If you follow the developments in the oil market you may know that oil price varies with tepid downward trend. Though, oil is...
Reduce energy demands drive crude lower
Past weak, crude oil for September delivery had a rough two weeks as it sank to its lowest level in 11 - months, down...
OPEC sees no falling oil prices in the near future
The Organization of Petroleum Exporting Countries (OPEC) doesn’t see possibilities for oil price decline. According to OPEC's Secretary-General Abdalla El-Badri comments to media, the...
OPEC basket price slips to USD 69.71 pb
Organization of the Petroleum Exporting Countries (OPEC) said on Monday that its 12-crude basket price dipped by USD 3.02 to settle at...
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...
Dubai Mercantile Exchange hits new records in open interest and physical...
The Dubai Mercantile Exchange (DME) announced today that a new record total open interest of 19,867 was achieved in its flagship DME...
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 as fall below $89 per barrel
Worries about the U.S. economy following the release of a disappointing manufacturing report sent oil prices lower Tuesday.
At the New York Mercantile Exchange Benchmark...
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...