Oil market fundamentals could ease over next five years
Oil market fundamentals could ease over the next five years, the International Energy Agency projected on Tuesday, revising down its demand forecasts through 2016 and revising up its supply projections after 2013.
Oil Market Outlook 2012
Global Investment House of Kuwait today released its Oil Market Outlook 2012. Here are the major highlights
Positive US employment data drove oil prices down
On Monday, oil prices edged down in respond to the positive US employment data released last Friday. The firm jobs growth brought concerns that...
Oil trades near nine-month high
The Greek rescue deal is “a very good agreement,” European Central Bank President Mario Draghi said after the talks ended in Brussels. Finance ministers...
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...
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...
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...
OPEC oil output falls in December: Platts survey
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...
GCC’s fuel subsidy reforms offer only modest fiscal space
While fuel subsidy reforms in members of the Gulf Cooperation Council (GCC) will help address pressure from low oil prices on public finances, these...
OPEC provides above oil market needs
OPEC pumps 1.62 million bpd above target in April
Global demand growth in 2012 rises to 900,000 bpd
OPEC is currently producing enough oil to keep...
Oil prices fell on possibility for direct nuclear talk
At the start of the week, oil traded under $97 per barrel. Optimistic news came out from the Middle East. Direct negotiations between US...
OPEC cuts production, oil demand unchanged
Global oil demand growth in 2012 remained unchanged at 0.9 million barrels a day, but uncertainty surrounds the 2013 forecast, according to latest monthly...
3rd Basra International Oil & Gas show concluded on a high...
6- 9 December 2012 Basra International Fair Ground, Al Maqal Port / Basra, IRAQ
The 3rd Basra International Oil & Gas, organized by Expotim International...
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...
Royal Dutch Shell exits Abu Dhabi’s $10bn gas project
Royal Dutch Shell says it is withdrawing from a key natural gas project in Abu Dhabi, mentioning a drastic fall in global energy prices...
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....
Weak Fundamentals Weigh on Oil Price
In electronic trade on Monday, oil futures fell further, adding to heavy losses suffered at the end of the previous week. Rising U.S. dollar...
Oil prices could drop as far as $70 a barrel
Oil prices worldwide could drop as far as $70 a barrel when the North African region and the Middle East see a calming of...