“Iran’s crude output boost won’t hurt oil prices”
Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news...
This is what happens when oil-rich nations can’t pay their bills
In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...
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 Jobs Lost: 250.000 and Counting
Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again...
Oil Prices Need to Be $60 to $80 to Balance...
• Drilling and completion spending has dropped by 28% YoY since its 2014 peak, and BofA see another 5% decline next year
• Oil field...
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...
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...
3rd Biggest OPEC Producer Cuts Fuel Subsidy as Oil Price Crash...
The United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting 1st of August. It will...
CFOs critical role in the economic survival of oil and gas...
With oil prices slowly recovering from the dramatic fall last summer which forced global organisations to put multi-million dollar projects on ice, ACCA (the...
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...
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...
Oil Prices Strengthen; Goldman Sachs See $45 by October
Oil prices strengthened in recent trading sessions on a decline in U.S. oil inventory levels and better economic numbers from China, world’s second-largest consumer...
WTI Crude Oil Price Rose On Middle East Tensions, Expectations of...
· WTI crude oil price increased by 18.41% to $58.16 per barrel
· Disappointing US economic growth; Euro-zone continues recovery
· Total oil demand growth stands...
Shell Still Optimistic about Oil Price
Royal Dutch Shell PLC (RDSA) remains optimistic about the future of the oil price, despite its dramatic slump in recent months, Chairman Jorma Ollila...
Oil Price Fall Reflect on UAE Job Market
2015 salary projections for the United Arab Emirates had to be recently revised and readjusted. As a result, salary hikes in the country are...
Oil Prices Make a Comeback; Now Buy Property in Dubai
Crude-oil futures rallied well above $50 a barrel to settle at their highest levels of 2015 on Tuesday. Some analysts believe that oil prices...
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...
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...