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...
Can Saudi Arabia Still Sway The Oil Market?
Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the...
Oil rallies on bargain hunting, renewed optimism
Crude-oil futures rallied 3.4% on Thursday, as bargain-hunting spread encouraged by U.S. stocks gain, driven by renewed optimism about the U.S. economy into most...
Oil dropped sharply from near $120 a barrel
Oil dropped sharply from two and half year highs, near $120 a barrel on Thursday, following Saudi Arabia's assurance it could fill any Libyan...
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...
DME issued a public consultation to add Abu Dhabi Murban crude...
Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, issued today a public consultation to add Abu Dhabi Murban...
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 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...
Oil & Gold in the Investor’s Spotlight in 2022
Not only commodities markets but also the derived financial and capital markets are undergoing a wave of revived interest by both long-term investors and...
2021 Oil Price Forecast Above $51, Goldman Sachs
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil...
Blockchain Technology Creates New Opportunities for Oil and Gas Industry
Brox Equity, a private company registered in Alberta, Canada, is combining traditional energy and the emerging blockchain experience as a way to contribute to...
The $32 Trillion Push To Disrupt The Entire Oil Industry
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers...
UAE Committed to OPEC+ Agreement
The UAE on Thursday affirmed its commitment to the OPEC+ agreement.
''The UAE remains committed to the OPEC+ agreement and its existing monthly production adjustment...
New Oil Discovery Strengthens UAE’s Position as 6th Largest Oil Reserves...
The Supreme Petroleum Council (SPC) announced today the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels...
COVID-19 & OPEC – What Is The New Normal?
Refinitiv released a special report.pdf on Covid-19 and the implications on global oil markets. Covid-19 has significantly impacted global economic outlook and oil demand as global...
Middle East Point of View: Resilience in Oil and Gas Industry
The increased oil production by Saudi Arabia and Russia combined with the COVID-19 pandemic, have precipitated a global economic slowdown that has left Oil...
Will Oil Price Hit $80 This Summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic...
Are Oil Majors Ready to Become Part of The Climate Change...
The list of companies making deep pledges on the environment is growing longer by the day. About one-quarter of Fortune 500 businesses now have...