Oil Price Outlook 2017
Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...
Crude oil advanced slightly for third consecutive week
Crude oil for October delivery managed to end the week in the positive, however only rose a little in weekly terms despite having ranged...
Gulf gas production has much bigger potential
Public-private partnerships key to expanding production and sustaining economic growth, says World Economic Forum Energy Security Council member
Addressing fellow members of the World Economic...
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 falls on output and demand concerns
Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...
OPEC provides above oil market needs
OPEC pumps 1.62 million bpd above target in April
Global demand growth in 2012 rises to 900,000 bpd
OPEC is currently producing enough oil to keep...
Egypt unrest pushes Brent crude oil to $100 a barrel
The price of Brent crude oil has passed $100 a barrel for the first time since October 2008 on concerns about the political unrest...
Emerging Market Currency Depreciation May Hit Oil Demand
Currency depreciation in some emerging-market countries may slow global oil demand. They may need to utilize more subsidies to shield their industry and private...
DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium
Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...
UAE and Saudi Arabia continues to grow despite lower oil prices
UAE new orders grow, and job creation hit three-month high in May’15
Saudi Arabia’s output and new orders expanded, but the growth rate eased
GCC consumers...
Oil prices to surpass $150 by 2020
Bernstein Research reported on Tuesday that oil prices are expected to increase from 2015 onwards, topping $150 a barrel in 2019 and 2020. According...
Oil Seen Heading to $20 on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly...
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...
High oil prices harm global economy
If you follow the developments in the oil market you may know that oil price varies with tepid downward trend. Though, oil is...
Oil prices as fall below $89 per barrel
Worries about the U.S. economy following the release of a disappointing manufacturing report sent oil prices lower Tuesday.
At the New York Mercantile Exchange Benchmark...
Low oil prices is an opportunity for GCC economies to reinvent...
Dramatic drop in oil prices is a game changer for the macro outlook for 2015
‘Too low’ oil prices adds to the picture of rising...
Saudi Arabia, Russia and two other countries agree on oil production...
Saudi Arabia's oil minister has agreed to freeze oil production at January levels, indicating that the country may be willing to reassess its "lower...
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...