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Crude Prices Decline as Demand Projections Differ

The beginning of the week starts with mixed oil prices in early Asian session. The US market will not open today due to the...

Oil prices to rally on higher demand

Investors expect oil prices to rally on demand from China.

North American, European Oil and Petrochemical Companies Show Keen Interest in...

The participation of Jebel Ali Free Zone (Jafza), the flagship free zone business of Dubai, in Abu Dhabi International Petroleum Exhibition (ADIPEC), which ranks...

Dubai crude to be priced at a 20 cents discount during...

The selling price for Dubai crude oil, will be fixed at a 20 cents discount against Oman futures for September in comparison to...

Dubai announces crude oil price for May 2013 delivery

The Department of Oil Affairs in the government of Dubai today announced that it had notified its customers that the official selling price (OSP)...

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...

Oversupply Push Oil Prices Lower; “V-shaped Rebound” Likely

Oil prices ended higher last Friday, but suffered a weekly loss for the fifth time in a row. This is the longest run of...

OPEC raises 2011 oil demand forecast

The Organization of Petroleum Exporting Countries raised on Monday its forecast for global oil demand for this year. OPEC said it now expects world oil...

Oil prices to jump 10% on supply fears and strong demand

The International Monetary Fund forecast oil prices will gain 10 percent on average in 2012 compared with a year earlier on possible supply disruptions...

OPEC oil output falls in December: Platts survey

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...

UAE oil & gas companies eye up investment in Basra

UAE exhibitors to take firm role at international event in Basra as opportunities in Iraq continue to increase The UAE’s oil and gas industry is...

GE Oil & Gas Awarded Contract Worth Over $200M for GASCO’s...

GE Oil & Gas has been awarded a contract worth over $200 Million, by Hyundai Engineering & Construction Company (HDEC), to supply...

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...

How Will OPEC Output Cuts Affect the Middle East

OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...

Oil prices fell on possibility for direct nuclear talk

At the start of the week, oil traded under $97 per barrel. Optimistic news came out from the Middle East. Direct negotiations between US...

Dubai new oilfield operation will begin within a year

An offshore oilfield announced by Dubai this week is likely to begin commercial production within a year. The field which is named al-Jalila will...

Crude-oil futures rose; stocks advance in Asia

Crude oil futures rose more than 1% to trade above $98 a barrel, after sliding more than 15% last week amid a broad...

Oil Tumbles

Oil set for biggest weekly drop since July.