Oil prices expected to move lower
Last week, crude oil for October delivery ended on a positive note as WTI advanced for the fourth week running. The contract expires on...
Oil & Gas Summit kicks off in Dubai
Strategic two-day event explores effective water management in the oil & gas industry
The inaugural Global Water: Oil & Gas Summit opened today at the...
Potential for Stronger Output Suppress Increase in Oil Prices
Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...
GCC Petrochemical Sector in Q1 of 2013
GCC Petrochemical Sector Quarterly – 1Q13
• GCC petrochemical capacity grew by 5.5% YoY during 2012
• Sector profit fell by 7.9% YoY but was up...
Signals about global recovery faltering raise concerns about oil demand
In the oil market, analysts agree that any signals about global recovery faltering will raise concerns about future oil demand.
Oil prices slid from highs...
Oil Seen Heading to $20 on Dollar Strength
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly...
Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia...
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...
Is a Second OPEC Cut on The Cards?
OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...
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...
S&P Global Survey: Middle East Crude Prices Reflect Collapsing Oil Markets
A survey of different crude market participants conducted yesterday by S&P Global Platts speaks volumes about the plunge in official selling prices (OSP) of...
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...
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...
High Oil Prices will constrain Economic Growth
During the last century, cheaper oil prices gave a boost to global economic growth. However, during the last decade, prices for oil surged, and...
Oil falls on output and demand concerns
Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...
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...
45 Oil and Gas Transactions in MENA, up 14% from 2011
With an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most...