Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production
On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....
OPEC sees no falling oil prices in the near future
The Organization of Petroleum Exporting Countries (OPEC) doesn’t see possibilities for oil price decline. According to OPEC's Secretary-General Abdalla El-Badri comments to media, the...
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...
Sheikh Mohammed announces new oil discovery in Dubai
H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai today announced the new oil discovery in...
Global oil market oversupplied
U.S. crude oil futures ended lower for the fourth session in a row last Friday, May 14, and extended losses for the second straight...
Are Oil Majors Ready to Become Part of The Climate Change...
The list of companies making deep pledges on the environment is growing longer by the day. About one-quarter of Fortune 500 businesses now have...
Libya has declared force majeure on its oil contracts; Oil price...
Libya has declared force majeure on its oil contracts, Reuters reported Tuesday, citing oil traders. The news follows Libyan leader Col. Moammar Gadhafi's refusal...
OPEC holds production levels
OPEC has decided not to cut output, despite record levels of crude in inventories and weak demand forecasts, with some cartel members believed to...
What Could Push Oil To $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy...
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...
Growing M&A interest in MENA Oil and Gas industry
Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industryGlobal Oil and Gas transactions have suffered a modest decline in both...
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...
Will Oil break out of trading Rrange?
Interview and discussion with Edward Morse of the LCM Commodities. He shares his insights on how oil will trade in the future.
Shell wins fuel concession for Dubai World Central
Dubai World Central - Al Maktoum International Airport at Jebel Ali in Dubai has granted a fuel concession to Shell Aviation - the aviation...
Dubai crude oil cheaper in October
The Dubai Department of Oil Affairs announced today that it has set the official selling price of the Dubai crude for the next October...
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...
Will Oil Price Hit $80 This Summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic...