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DME starts 2017 with new open interest record

All-time record confirms growing interest and confidence in the Oman Crude Oil Futures Contract among global energy market players Dubai Mercantile Exchange (DME), the premier...

Oil Prices Make a Comeback; Now Buy Property in Dubai

Crude-oil futures rallied well above $50 a barrel to settle at their highest levels of 2015 on Tuesday. Some analysts believe that oil prices...

Crude oil prices climb higher

In Thursday’s electronic trading session crude oil future prices climbed higher. This added a bit more to the previous session strong rally. Additional support...

Oil Price Fall Reflect on UAE Job Market

2015 salary projections for the United Arab Emirates had to be recently revised and readjusted. As a result, salary hikes in the country are...

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output...

Oil Jobs Lost: 250.000 and Counting

Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again...

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,...

Potential for Stronger Output Suppress Increase in Oil Prices

Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...

UAE Gas Prices Among the World’s Most Affordable

Gasoline prices in the United Arab Emirates are the sixth cheapest in the world. This was revealed by new data collected by Bloomberg. According...

Crude Oil Prices May Push $75 Short Term

Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...

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...

Oil rig count drives crude prices, not Brexit

Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the...

Morgan Stanley Warns That Rising Rig Count Could Undo Oil Prices...

In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one...

Oil Industry Faces Huge Worker Shortage

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling...

Oil & Gas Summit kicks off in Dubai

Strategic two-day event explores effective water management in the oil & gas industry The inaugural Global Water: Oil & Gas Summit opened today at the...

New petroleum terminal to be build in Jebel Ali Free Zone

Horizon Terminals Ltd marks groundbreaking of US$142 million Bulk Liquid Petroleum Terminal in Jebel Ali Free Zone Scheduled to be commissioned in the 4th quarter...

UAE is seeking to increase crude oil production

Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy stressed that the UAE is seeking to increase its production capacity to 3.5 million...

Kuwait ready to cut oil production; HSBC sees price at $45...

Crude slid 2.57% and Brent lost 2.43% both below $30 a barrel on Tuesday, sending renewed shivers through global financial markets. Investors in Asia were back to selling and...