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.

July 7, 2014

During the event
11:51 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, received a delegation from Commercial Bank of Dubai (CBD) including Peter Baltussen, CEO, and Yaqoob Yousuf Hassan, Deputy CEO.

Yemen's income from oil exports tumbled by over 64 per cent to $73.4 million in May from a year ago,
04:55 GMT

Sanaa's finances have deteriorated as it has been caught in a nationwide fight against al Qaeda militants and other rebel groups.

Disruptions linked to engineering or geopolitics have plagued global oil producers in recent years.
02:01 GMT

The US has overtaken Russia and Saudi Arabia to become the largest producer of crude and natural gas liquids (NGLs) in the past six months.

July 6, 2014

Samsung Gear 2 app for smart watches
07:37 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has launched its application for Samsung Galaxy Gear 2 smart watches.

July 4, 2014

Taking back the two major eastern oil terminals could make around 500,000 more barrels per day (bpd) of crude available for export
01:59 GMT

Thinni said the ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago to demand more regional autonomy.

July 2, 2014

ENOC's Ramadan Activities 2014
10:18 GMT
(press release)

Underlining its commitment to the community, Emirates National Oil Company (ENOC) is rolling out a series of charitable initiatives that make a positive difference to the lives of people during the Holy Month of Ramadan.

General Manager and some staff in the emergency assembly point
08:12 GMT

The Department of Health, Safety and Environment at Emirates General Petroleum Corporation “Emarat” has carried out a successful fire drill for all of its employees at the Corporation’s headquarters.

A preliminary Reuters poll estimated a decline of 2.3 million barrels.
04:55 GMT

Brent oil held steady above $112 per barrel as upbeat manufacturing data in China pointed to demand growth while conflicts in Iraq and Ukraine continued to underpin supply concerns.

July 1, 2014

Nassar Ibrahim Nassar received the Golden Aviation Wings Award from Michalis Michael in the presence of Abdulrahman Qassim Al Ali and members of the delegation
07:25 GMT

Emojet won the Golden Aviation Wings Award from Exxon Mobil Aviation, for continued outstanding contribution to aviation safety.

S&P noted that hydrocarbon revenues constitute almost 46 per cent of nominal GDP and three-quarters of total exports of the six GCC nations.
04:55 GMT

Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.

June 30, 2014

Hesham Ali Mustafa, Senior Director – ENOC Gas Marketing and Head of International Business Development & General Manager – Emirates Gas LLC
10:06 GMT
(press release)

Emirates Gas (EMGAS) is marking the values of charity and solidarity during the Holy Month of Ramadan by partnering with the Dar Al Ber Society to provide LPG refill vouchers for disadvantaged families.

Adel Khalifa Al Shaer during the meeting with the delegation in presence of Engineer Ibrahim Yacoob Al Tamimi,  Abdulrahman Qassim Al Ali and Engineer Arif Eissa Al Muhairi
07:39 GMT

The General Manager at Emarat, met with a delegation from PetroChina Int’l, (Singapore) Ptel.Ltd, to discuss cooperation venues and investment opportunities for both parties in the sector of fuel and energy.

The estimated size of the proposed deal is the supply of seven BCM (billion cubic meters) of gas annually for 15 years.
04:55 GMT

The value of the agreement is estimated at some $30 billion.

June 26, 2014

Hesham Ali Mustafa, Senior Director – ENOC Gas Marketing
11:01 GMT
(press release)

Emirates Gas (EMGAS), has won the CSR Label Award from the Dubai Chamber of Commerce & Industry (Dubai Chamber) for the fourth consecutive year.

Mr. Hussain Kazim, Manager corporate communications at Emarat
07:21 GMT

On the occasion of the holy month of Ramadan, Emirates General Petroleum Corporation “Emarat”, is offering free dates and water to all customers during the Iftar time at all services stations.