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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...

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...

Oil Trades Below $50; Could Plummet to $35 a Barrel

Oil futures fell on Wednesday, with U.S. prices settling below $50 a barrel for the first time since early April. The reason for this...

World Oil Demand Growth Unchanged in June; EIA Cuts Forecast

· WTI crude oil price rose by 2.6% to USD94.54 per barrel · World oil demand growth remains almost unchanged at 0.80mnbpd in 2013 · EIA...

What’s behind the drop in oil prices?

The stunning fall in oil prices, from a peak of $115 per barrel in June 2014 to under $35 at the end of February...

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...

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...

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...

Gulf gas production has much bigger potential

Public-private partnerships key to expanding production and sustaining economic growth, says World Economic Forum Energy Security Council member Addressing fellow members of the World Economic...

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 will test $30 a barrel sooner rather than later

On Friday, OPEC said it would keep its production level unchanged, basically legitimizing the 1.5 million barrels a day it has been producing over...

Oil advances on escalating Gaza conflict

Price of Brent crude reached almost $110 per barrel today, while the growing tension turned into violence between Palestine an Israel. This brought uncertainties...

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...

Oil Prices Fall

Oil consumption could fall this year by the most since 1981 according to the IEA.

Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble

WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...

Signals about global recovery faltering raise concerns about oil demand

In the oil market, analysts agree that any signals about global recovery faltering will raise concerns about future oil demand. Oil prices slid from highs...

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...

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...