Five trends for the liquefied natural gas industry in 2013
As the world enters an era of tighter gas markets, the liquefied natural gas (LNG) industry promises hope, with new gas basin discoveries, innovative...
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...
Dubai announces crude oil price for May 2013 delivery
The Department of Oil Affairs in the government of Dubai today announced that it had notified its customers that the official selling price (OSP)...
Oil prices on recovery run
On Friday the price of oil jumped back again in electronic trade. The rebound came after two days of serious losses. Yet, a number...
Surplus in Inventory Suppresses Oil Prices
Thursday data on US crude inventories was higher than expected. In addition, the dollar gained more pushing oil future further down in electronic trading.
During...
Crude Prices Decline as Demand Projections Differ
The beginning of the week starts with mixed oil prices in early Asian session. The US market will not open today due to the...
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...
OPEC raises 2013 forecast for world oil demand
Global demand for oil is now expected to grow more than previously estimated, according to the Organization of the Petroleum Exporting Countries monthly report...
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 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...
High oil prices harm global economy
If you follow the developments in the oil market you may know that oil price varies with tepid downward trend. Though, oil is...
UAE oil output is 2.6mbpd: Energy Minister
The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammed bin Dhaen Al Hamili.
In a statement...
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...
Oil prices jump 10% in a month
Over the last month oil prices rose by 10% with the support of several events. Saudi Arabia has cut down its oil output. The...
Brent crude oil prices to soar in 2013
Global economic activity is starting to accelerate
Lately the global economy demonstrates optimistic signs of revival. At the beginning of 2013, the global growth outlook...
UAE Plans to Lift Oil Production Capacity in 2013
The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...
Growing M&A interest in MENA Oil and Gas industry
Deloitte whitepaper tackles issues facing potential investors in MENA Oil & Gas industry
Global Oil and Gas transactions have suffered a modest decline in both...
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...