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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...

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...

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...

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...

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...

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...