Oil & Energy

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Instability and civil wars in the MENA region had a recent impart on oil supplies and demand (File/AFP)
July 23, 2014 - 12:12 GMT
According to a report, oil supply growth will reduce over the next 18 months. This comes with many risks. Why is the Middle East's oil industry experiencing a downfall?

May 22, 2013

During the event
08:49 GMT
(press release)

Oman based OCTAL, the world’s largest producer of PET resin and sheet on a single site, has won the highly acclaimed and sought after GCC ‘Mashreq Oil and Gas Project of the Year’ award.

Mr. Ahmad Ayyash, Fasttrack General Manager
06:32 GMT

Fasttrack in cooperation with Tibra General Trading Company, has started installing speed limiter devices in the vehicles subject to the Ministerial Cabinet’s Resolution no. 6 of 2011.

May 21, 2013

Brent crude rose 16 cents to $104.80 a barrel
11:46 GMT

Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange.

Dubai Electricity and Water Authority (DEWA)
05:00 GMT

Dubai: Dubai Electricity and Water Authority’s conservation initiative saved Dh16 million in electricity and water, it was announced at the eighth Conservation Award for the educational sector.

May 20, 2013

Emirates National Oil Company
12:45 GMT
(press release)

Tasjeel rewards its customers with the launch of a two-month long ‘Weekly Cash Carnival’ promotion.

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at the headquarters building in Vienna on April 4, 2013 (ALEXANDER KLEIN/AFP/Getty Images)
11:51 GMT

The Organization of the Petroleum Exporting Countries (Opec) will need to pump slightly more oil than it thought in 2013 and expects global consumption to be much higher in the rest of the year.

Non-oil GDP rose to an expected 6.7pc in 2012
10:40 GMT

Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9pc growth seen in 2011.

May 16, 2013

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
07:13 GMT

Emirates General Petroleum Corporation has launched a new “Spend & Win” promotional campaign to offer shoppers at its various service stations the chance to win valuable prizes.

May 15, 2013

12:28 GMT
(press release)

Masdar and the Export Import Bank of the United States signed a Memorandum of Understanding in which they will explore opportunities to structure and deploy up to $ 2bn worth of Ex-Im Bank’s finance supporting U.S. exports to Masdar’s future projects.

 UAE researchers discover biodiesel to run motor engines
10:31 GMT

UAE researchers have discovered the oil extracted from microalgae as a promising alternative to diesel, saying it can run motor engines effectively without any modifications.

The group’s net production averaged 61,400 barrels of oil
10:27 GMT

Revenue from the sale of hydrocarbons during the period was Dh557 million ($152 million).

May 14, 2013

10:14 GMT
(press release)

Emirates Gas is hosting the Compressed Natural Gas Forum 2013.

EQUATE President & CEO Mohammad Husain
09:56 GMT
(press release)

EQUATE Petrochemical Company said that Gulf countries export over 80% of their petrochemical production.

RAK Petroleum
05:45 GMT

RAK Petroleum Public Company Limited yesterday announced that its shareholders had approved plans to restructure the Company and its subsidiaries and seek a listing on an international stock exchange.

May 13, 2013

Campaign poster
18:55 GMT

Dubai tops the list of cities with the brightest future, followed by the two North American cities of Calgary and Denver