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Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market

Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...

UBS Investors Note: How To Respond To COVID-19 + Oil Crash

Markets sold off and the S&P 500 halted trading for 15 minutes after a 7% fall. Here's what investors should do. What's happened? Risk assets slumped...

The Impact of Corona on GCC and The Global Economy

The GCC economy depends heavily on revenues from the sale of oil and its derivatives on the world market. Complicating the situation, the GCC...

Can Saudi Arabia Still Sway The Oil Market?

Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the...

The $32 Trillion Push To Disrupt The Entire Oil Industry

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers...

What Could Push Oil To $100?

If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy...

GCC Economic Growth Expected to Reach 2.5% in 2018

The Gulf Cooperation Council (GCC) region’s economy will grow near 2.5 percent in 2018, according to new forecasts from Moody’s Analytics, a leading provider...

Crude Oil Prices May Push $75 Short Term

Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...

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...

IMF Sees Limited Impact of VAT on UAE Economic Growth

On July 7, 2017, the Executive Board of the International Monetary Fund (IMF) concluded its latest assessment of United Arab Emirates economic outlook. Economic performance...

GCC GDP on Growth Path despite Oil Price Decline

Regional economies have been on an accelerated growth trajectory for the period 2011-14, which has been mainly fueled by record oil prices with the...

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output...

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...

Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises

A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...

Potential Shortage of Global Oil Supplies in 3 Years

The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could...

Despite low prices, MENA oil producers to spend heavily on projects

Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite...

Industrial Commodities Prices to Surge in 2017

Tight supply, strong demand boosts energy, metals prices The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017,...

Distressed Deals Rising across Middle East after Oil Slump

Distressed debt opportunities are increasing across the Middle East and Africa as companies struggle with slumping currencies and tighter government spending, according to Sancta...