Shell wins fuel concession for Dubai World Central
Dubai World Central - Al Maktoum International Airport at Jebel Ali in Dubai has granted a fuel concession to Shell Aviation - the aviation...
Finalists shortlisted for ADIPEC 2012 Awards
ADIPEC jury selects finalists from a pool of over 170 high-calibre candidates
After weeks of deliberation, the ADIPEC Awards Regional Select Jury (RSJ), has shortlisted...
Oil market undergoing positive ‘supply shock’: IEA
The oil market is undergoing a positive "supply shock" as production in North America continues to grow at a record pace and refining capacity...
Future demand for oil may pull oil price lower
EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.
Oil prices rose 3.17 per cent last week as OPEC said...
U.S. crude oil futures ended lower last Friday, June 11, snapping a three-day winning streak, as disappointing U.S. retail sales out shadowed...
Oil price extends losses
Oil price extended losses on Tuesday, as the dollar benefited from ongoing worries about European sovereign-debt issues and concerns about U.S. growth and oil...
Oil Trades Below $50; Could Plummet to $35 a Barrel
Oil futures fell on Wednesday, with U.S. prices settling below $50 a barrel for the first time since early April. The reason for this...
Crude Short Term Perspective
Crude rallied strongly into Christmas, closing in New York at a 2-year high of $91.50 on 23 December. China‘s Christmas day rate hike of...
High Oil Prices will constrain Economic Growth
During the last century, cheaper oil prices gave a boost to global economic growth. However, during the last decade, prices for oil surged, and...
Global Oil Demand Weakens, Bank Report
In November of last year, BofA expected global oil demand to grow by 0.95 million b/d in 2013. Now this number is revised down...
Royal Dutch Shell exits Abu Dhabi’s $10bn gas project
Royal Dutch Shell says it is withdrawing from a key natural gas project in Abu Dhabi, mentioning a drastic fall in global energy prices...
Is a Second OPEC Cut on The Cards?
OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...
Oil Bulls vs. Bears
Inventories at Nineteen Year High and Demand at Eleven Year Low; On the Other Hand, OPEC Has Cut Output and China Raises Demand
Current levels of Oil Prices “acceptable and reasonable” for Producers &...
Current levels of oil prices in the range of 70-80 dollars per a barrel are ''acceptable and reasonable'' for both producers and consumers, H.E....
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...
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...
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...
Oil trades near nine-month high
The Greek rescue deal is “a very good agreement,” European Central Bank President Mario Draghi said after the talks ended in Brussels. Finance ministers...