Reduced Demand For Global Oil Supply May Be Permanent
Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for...
Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market
Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...
DME Oman Crude Up Over 100% Since Historic Production Cuts
Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...
Regional Markets To Follow Developments On OPEC+ Deal
Global equity markets recorded a negative performance during the week as economic indicators have started reflecting meaningful impact to growth, pushing the world into...
OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...
S&P Global Survey: Middle East Crude Prices Reflect Collapsing Oil Markets
A survey of different crude market participants conducted yesterday by S&P Global Platts speaks volumes about the plunge in official selling prices (OSP) of...
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...
Oil futures rose by 1.6 percent, topping $106
Crude oil prices rose to two and half year highs on Monday on heightened worries about supply disruption due to deepening civil unrest in...
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...
The Energy Information Administration expects oil price to average $93 a...
The Energy Information Administration in the US said on Tuesday, world oil consumption rose 2.2 million barrels per day in 2010 to 86.6 million,...
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...
Growing M&A interest in MENA Oil and Gas industry
Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industry
Global Oil and Gas transactions have suffered a modest decline in both...