Oil Market Outlook 2011
Average WTI crude oil prices increase by 28.3%YoY to USD79.5 per barrel in 2010.
European debt crisis and slow recovery in the US to keep...
OPEC raises 2011 oil demand forecast
The Organization of Petroleum Exporting Countries raised on Monday its forecast for global oil demand for this year.
OPEC said it now expects world oil...
The Energy Information Administration expects oil price to average $93 a...
The Energy Information Administration in the US said on Tuesday, world oil consumption rose 2.2 million barrels per day in 2010 to 86.6 million,...
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...
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...
OPEC does not interfere in crude oil prices
The UAE Energy Minister Mohammed Bin Dha'en Al-Hamili said the Organization of the Organization of the Petroleum Exporting Countries (OPEC) does not interfere in...
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...
Dubai crude oil price determination
The Department of Oil Affairs in the government of Dubai today announced that it had advised its customers that the official price of Dubai...
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...
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 crude to be priced at a 20 cents discount during...
The selling price for Dubai crude oil, will be fixed at a 20 cents discount against Oman futures for September in comparison to...
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 Weekly Update
US crude oil futures fell last Friday, ending May with the worst monthly decline since December 2008, at the height of the financial crisis,...
Global oil market oversupplied
U.S. crude oil futures ended lower for the fourth session in a row last Friday, May 14, and extended losses for the second straight...
Oil posted its biggest weekly loss
Oil fell US$2 a barrel on Friday, May 07, and posted its biggest weekly loss in almost a year and a half following the...
US Oil Spill
The oil industry is crucial to those living on the coasts of Louisiana, Mississippi and Alabama - for years it has brought in money...
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 Price above $87 and expected to go higher in the...
Oil prices rose more than 2 percent on Monday to their highest since October 2008, after data showed U.S. payrolls surged in March, the...