Oil & Energy
November 21, 2012
With the turmoil in the Middle East worsening, latest round of development being an explosion in a bus in Tel Aviv that injured at least 10 people, crude prices have climbed in a big way.
Gasoline and fuel prices in Lebanon continued to decline Wednesday, falling by LL500, according to the country’s Energy and Water Resources Ministry.
EQUATE Petrochemical Company said that the global petrochemical industry was facing serious global challenges.
Following the Jordanian governments decision to lift subsidies on fuel products, demand for petroleum products has dropped sharply over the last few days, according to the Gas Station Owners Association.
November 20, 2012
As the Gaza conflict unfolds US Secretary of State Hillary Rodham Clinton has started talks with stake holders in Middle East. United Nations Secretary Ban Ki-moon is also expected to reach Israel Tuesday, causing a flurry of activity in the oil markets.
A well-positioned UK official close to the negotiations between the IMF and Egypt over a $4.8 billion loan deal reveals to Ahram Online that "The IMF wants economic reforms before it gives the money."
After days of protests across Jordan caused the the governments decision to increase the cost of petroleum products, it has been announced that fuel prices will be matched to market prices, which will see them fluctuate in line with international prices.
Emirates General Petroleum Corporation, pavilion at the Abu Dhabi Petroleum Exhibition and Conference this year, witnessed significant interest from a wide range of visitors.
UAE-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its chief executive told Reuters.
November 19, 2012
The global demand for electricity could rise by over 70 per cent between 2010 and 2035 driven largely by rising demand from emerging economies, the International Energy Agency (IEA) said.
Emirates National Oil Company (ENOC) organised the 4th annual Occupational Health Conference recently at the Al Murooj Rotana Hotel in Dubai.
Diesel and gas power stations throughout Saudi Arabia will gradually be replaced by nuclear generators over the next decade as the country develops greener sources of energy, it has been announced.
November 18, 2012
The Egyptian government has negotiated with Algerian petroleum company SONATRACH to increase its butane gas imports from the country to one million tonnes per year, state-run daily Al-Ahram reported on Thursday.
November 15, 2012
nian Energy Minister Majid Namjoo arrived Thursday in Beirut to discuss previously signed cooperation agreements between Lebanon and Iran.
Crude oil prices have started bouncing back from lows due to geo political tensions in the Middle East even as increasing US inventory weaker demand for oil growth estimated by OPEC may curb upside gains in prices.