Oil & Energy

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For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14, 2014 - 04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

March 24, 2014

The park will rely entirely on solar energy without using the public electricity connection to operate its lights and integrated irrigation network
08:55 GMT

One of the oldest parks in Dubai is undergoing a transformation. Satwa Reservoir Park will become the first solar-powered park in Dubai by the end of this year.

March 23, 2014

Iran’s top oil importers have bought more than 1 million bpd since November
08:55 GMT

Latest data showed that the four top importers of Iran's crude have bought over 1mln bpd of oil from the Middle-Eastern country since November, when Tehran and the world powers struck a deal

March 20, 2014

The Iranian-Omani pipeline, transporting almost one billion cubic feet of gas a day, will take 2½ years and to build, Mr. Kameli said.
02:27 GMT

Through its Omani partnership, the Islamic Republic could ship the commodity to lucrative Far Eastern markets.

March 19, 2014

During the event
11:52 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) will mark Earth Hour in Dubai on 29 March 2014, at Bay Avenue Park from 8:30—9:30pm.

During the event
09:14 GMT
(press release)

EQUATE Petrochemical Company sponsored the 3rd Kuwait Conference of Chemistry (KCC 2014) under the patronage of His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

The plant, which will be located in Maan will have a total capacity of 10 megawatts
08:55 GMT

Jordan on Tuesday signed a $24 million agreement with Arabia One for Clean Energy Investments to build a solar-run power generation plant.

Analysts say Iran represents the best route for energy transfer in the region as this route is shorter and less costly than Russia, Turkey and China routes.
03:55 GMT

Iran started its oil swap with the Caspian Sea and Central Asian states in 1997.

March 17, 2014

During the event
10:54 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has honoured 20 distinguished employees in line with its commitment to recognise its workforce for outstanding service and contribution to the organisation.

Dr. Rahma bin Mohamed Al Shamsi with the honorees in the presence of Abdulraoof Abdulaziz and Retail Marketing Executive
06:26 GMT

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emirates General Petroleum Corporation “Emarat”, honored one Supervisor and two employees, who were named “Supervisor and Star of the Year 2013”.

Israel routinely closes the crossing to mount the pressure on the besieged Palestinians and their rulers in Gaza.
03:55 GMT

Israel was to allow the resumption of diesel deliveries into Gaza on Sunday, a day after the territory's sole power plant stopped working due to a lack of fuel, officials said.

March 16, 2014

Sixty percent of the region's upstream oil transactions in 2013 were from the UAE, Oman and Iraq (File Archive/Shutterstock)
12:00 GMT

MENA's upstream oil transactions increased in both quantity and value in 2013.

During the event
11:24 GMT
(press release)

EQUATE Petrochemical Company sponsored the 12th Firemen Day 2014 under the patronage of Minister of State for Council of Ministers Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah.

March 13, 2014

Iran's oil production has decreased by 171,000 bpd since 2012
11:55 GMT

Iran's crude oil output increased by 49,700 barrels per day in February compared to the previous month.

The next 10 years should see a better mix of energy generated from coal, nuclear, and solar sources
09:55 GMT

In order to cater to around 25 million visitors who are expected at the Expo 2020, Dubai needs to produce more electricity, and reduce energy loss.

During the visit
05:52 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), welcomed an international delegation of Siemens, including its key clients, at the M Station in Jebel Ali Power Station.