Oil prices jump 10% in a month
Over the last month oil prices rose by 10% with the support of several events. Saudi Arabia has cut down its oil output. The...
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...
MENA oil exporters’ growth to increase in 2012
The oil exporting countries of the Middle East and North Africa are expected to see economic growth accelerate in 2012 to 6.6 percent. The...
Oil Shock to the Global Economy
Global energy markets brace for a shock, as Japan is expected to seek replacement to large amounts of the country's nuclear power capacity, devastated...
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...
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 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 tumbled 6.3% on negative data
U.S. crude oil futures lost more than 6 percent, the biggest one-day percentage drop in six weeks, as recession fears resurfaced following Wednesday's bleak...
GCC Petrochemical Sector in Q1 of 2013
GCC Petrochemical Sector Quarterly – 1Q13
• GCC petrochemical capacity grew by 5.5% YoY during 2012
• Sector profit fell by 7.9% YoY but was up...
Dubai Mercantile Exchange: Record two billion barrels traded since launch
The Dubai Mercantile Exchange Limited (DME) announced today that cumulative trading of its benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded...
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...
DME Launches Eight New Oil Contracts
Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East announced the launch of eight new oil listings...
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...
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...
Dubai crude oil cheaper in October
The Dubai Department of Oil Affairs announced today that it has set the official selling price of the Dubai crude for the next October...
45 Oil and Gas Transactions in MENA, up 14% from 2011
With an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most...