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,...
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...
Oil briefly rallying above $50
Crude-oil futures rose Tuesday briefly rallying above $50 a barrel for the first time in five weeks on evidence that members of the OPEC...
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...
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...
Brent crude oil prices to soar in 2013
Global economic activity is starting to accelerate
Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...
Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises
A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...
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...
Oil rallies as stockpile growth slows
Oil rallied in early Wednesday trade in Asia after the biggest two-day slump in a month as U.S. industry data showed the pace of...
Global oil demand expected to rise, IEA
Global oil demand is expected to rise 1 million barrels a day next year compared to this year on muted economic recovery but growth...
Oil production freeze talks in Doha have run into some last-minute...
Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...
Price of Dubai crude oil for July delivery set in parallel...
The Department of Oil Affairs has announced that official price of Dubai crude oil, which will be delivered next July will be equal to...
2012 global oil demand growth forecast lowered
International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate
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 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...
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...