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Oil and Gas Jobs in Demand

ENOC Applicants Double at Careers UAE 2010 ENOC, the Dubai Government-owned Oil and Gas Company announced today that the number of applications for oil...

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....

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...

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...

Dubai new oilfield operation will begin within a year

An offshore oilfield announced by Dubai this week is likely to begin commercial production within a year. The field which is named al-Jalila will...

Sheikh Mohammed announces new oil discovery in Dubai

H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai today announced the new oil discovery in...

GE Oil & Gas Awarded Contract Worth Over $200M for GASCO’s...

GE Oil & Gas has been awarded a contract worth over $200 Million, by Hyundai Engineering & Construction Company (HDEC), to supply...

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...

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...

UAE to chair OAPEC by 2010

The UAE will be a chair of the Arab Petroleum Exporting Countries (OAPEC) from 2010 in the framework of rotational presidency of the OAPEC...

IMF Increases Next Year’s Middle East Growth Forecast to 4.2%

The International Monetary Fund increased its 2010 economic growth forecast for the Middle East to 4.2 percent from 3.7 percent after oil prices rose. “The...

Will Oil break out of trading Rrange?

Interview and discussion with Edward Morse of the LCM Commodities. He shares his insights on how oil will trade in the future.

Oil Tumbles

Oil set for biggest weekly drop since July.

Russia becomes world’s biggest oil producer

For decades the world's major oil producers have tried to control prices by cutting or raising supplies, which relied on all of them sticking to agreed quotas. But unity...

Quiet week ahead for Oil

Weak oil demand may continue to plague sentiment in the coming days. The oil market is likely to stay quiet. Looking ahead, the market may still...

First UAE company enters Northern Iraq’s oil exploration, production

BlackGold - a fully owned subsidiary of Al Zarooni Enterprises - has become one of the first UAE companies to enter the lucrative energy...

Oil to reach $85 this year

Goldman Sachs says oil will reach $85 a barrel by the end of the year.

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...