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...
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 tumbled 6.3% on negative data
U.S. crude oil futures lost more than 6 percent, the biggest one-day percentage drop in six weeks, as recession fears resurfaced following Wednesday's bleak...
2012 global oil demand growth forecast lowered
International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate
Abu Dhabi Plans Bonds Sale
Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds for the first time in more...
Moderate increase in price of crude
A faster than expected second quarter growth in the U.S. economy and Germany’s agreement on Euro nations bailout helped crude rebound a bit from...
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...
Bear Market in Oil May Last Another Decade
Bears are known for hibernating, but its the bulls in the oil market that might as well settle in for a long nap, 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...
2012 Oil Demand Outlook Lowered
Global oil demand in 2012 is expected to grow by 800,000 b/d from 2011, down from last month’s outlook for 1.1 million b/d of demand growth
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...
Finalists shortlisted for ADIPEC 2012 Awards
ADIPEC jury selects finalists from a pool of over 170 high-calibre candidates
After weeks of deliberation, the ADIPEC Awards Regional Select Jury (RSJ), has shortlisted...
Crude price recovery remains long term perspective; Oil production expected to...
The idea that oil prices will bottom out, and a period of retrenchment will begin, isn’t entirely new. Investments in exploration and production are...
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...
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...
Global Oil Demand Weakens, Bank Report
In November of last year, BofA expected global oil demand to grow by 0.95 million b/d in 2013. Now this number is revised down...
Oil Bulls vs. Bears
Inventories at Nineteen Year High and Demand at Eleven Year Low; On the Other Hand, OPEC Has Cut Output and China Raises Demand
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...