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GCC stock markets tumble as Iranian oil expected to flood already...

As the end of economic and financial sanctions lifted Iran's equity market, the prospect of Iranian oil flooding an already oversupplied crude market sent...

5 Industries Worried About Peak Oil

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is...

Oil production freeze talks in Doha have run into some last-minute...

Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...

Price of Dubai crude oil for July delivery set in parallel...

The Department of Oil Affairs has announced that official price of Dubai crude oil, which will be delivered next July will be equal to...

Exploration, development spending fuels growth in worldwide oil and gas reserves

As a result of growth in Asia-Pacific gas reserves, investments in Canada’s oil sands and the dramatic increase of US shale reserves, worldwide oil...

Is a “V-Shaped” Oil Prices Recovery on the Horizon?

A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...

Low oil prices is an opportunity for GCC economies to reinvent...

Dramatic drop in oil prices is a game changer for the macro outlook for 2015 ‘Too low’ oil prices adds to the picture of rising...

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)...

Brent crude oil prices to soar in 2013

Global economic activity is starting to accelerate Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...

OPEC’s crude oil production cut is still a hint

Oil prices surged last Friday on world markets, following a report in the Wall Street Journal quoting UAE's minister of energy as saying the...

2016 and 2017 Crude Oil Projections Lowered Further

The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...

The End of Cheap Oil

The End of Cheap Oil

UAE Most Attractive for Oil & Gas Contractors

The United Arab Emirates has become a central hub of the oil and gas industry in the region, according to a new study. Although...

Recovery in Dubai crude price provides some relief to upstream producers...

Moody's Investors Service says the recovery in the price of Dubai crude will provide some support to upstream oil companies, which have seen their...

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...

Untapped UAE oil fields hold over 500 mln barrels

UAE signed a memorandum of understanding  giving South Korean firms rights to develop oil fields in Abu Dhabi The three oil fields in the United...

UAE and Saudi Arabia continues to grow despite lower oil prices

UAE new orders grow, and job creation hit three-month high in May’15 Saudi Arabia’s output and new orders expanded, but the growth rate eased GCC consumers...

What Does The Next OPEC Meeting Have In Store?

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and...