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...
Oil prices rise on Middle East uncertainty
Investors worry over supply while weak dollar boosts crude-oil prices
Oil futures moved up during European trading hours on Monday, because investors are concerned about...
Future demand for oil may pull oil price lower
EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.
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...
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...
Expect petrol price hike
The UAE federal government has been fixing retail prices for petrol and diesel fuel at levels below retailers’ cost for the past many years....
Petrol prices to rise again in UAE
Local petroleum products distributors have decided to hike the price of a liter of petrol by 20 fils as of 15th July...
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...
Oil market to “move close to balance” in H2 of 2016
Evidence of falling U.S. production and a drop in supplies outside of OPEC will help the oil market "move close to balance" in the...
Crude Oil Prices Extend Gains
Crude oil prices extended gains in early Asia trade Monday as the market turned more bullish on expectations of smaller supply and growing demand.
On...
Brent crude oil rose to around $114 per barrel
Deficit in North Sea supply makes oil prices to increase above $114
According to the forecasts North Sea supply deficit will ease when maintenance ends...
Current levels of Oil Prices “acceptable and reasonable” for Producers &...
Current levels of oil prices in the range of 70-80 dollars per a barrel are ''acceptable and reasonable'' for both producers and consumers, H.E....
First UAE company enters Northern Iraq’s oil exploration, production
BlackGold - a fully owned subsidiary of Al Zarooni Enterprises - has become one of the first UAE companies to enter the lucrative energy...
Oil & Gold in the Investor’s Spotlight in 2022
Not only commodities markets but also the derived financial and capital markets are undergoing a wave of revived interest by both long-term investors and...
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...
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...
Brent crude drops below $30; Oil prices could stay lower for...
Brent crude futures fell below $30 a barrel in Asia trade on Thursday as concerns about Iran adding to a supply overhang spooked investors.
February...