Oil & Energy

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“The region between Iraq and Syria has emerged as the ideal black market to sell the oil as the territory is under their control,” he said.
August 24, 2014 - 20:52 GMT
The oil being sold by Isil ranges between $25 (Dh91.75) per barrel to $60 per barrel compared to the current market prices, which on Friday traded for about $102 for Brent crude.

November 27, 2012

Dubai Electricity and Water Authority
07:48 GMT

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, today personally accepted the Sword of Honour in Safety and Globe of Honour in Health.

November 26, 2012

Iran is set to increase gas production in South Pars gas field
11:37 GMT

Iran has announced that it will increase gas production in the giant South Pars gas field. The Islamic Republic has also announced that it will build more storage for oil facilities as Western sanctions are begin to bite.

Egyptian stocks recovering in early trading after 'Black Sunday' saw 10 per cent wiped of the value of companies
10:08 GMT

Following 'Black Sunday', where the Egyptian stock market dropped almost 10 per cent and saw trading suspended after prices crashed beyond acceptable levels, the bourse has jumped in early trading on Monday.

Oil prices ease as Middle East recedes
09:40 GMT

With the tensions in the Middle East between Israel and Hamas coming to a close crude oil futures slipped for the first time in three days as supply fears subsided.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat, hands over the key to the winner’s representative
07:59 GMT

UAE national Moza Muftah Mansour won a Toyota 2013, the grand prize of the promotional campaign recently launched by Fasttrack for Vehicles Maintenance and Repair.

November 25, 2012

Hussain Abdullatif Al Balushi, General Manager, Omanoil
10:26 GMT
(press release)

Oman Oil Marketing Company (omanoil) recently appointed Hussain Abdullatif Al Balushi as Acting General Manager of Human Resources and Administration.

Adel Khalifah Al Shaer, planting the tree of the union in presence of senior officials from Emarat
06:36 GMT

HE Adel Khalifah Al Shaer, Acting Director General of Emirates General Petroleum Corporation "Emarat", planted the tree of the union in the yard of the Corporation's headquarters in Dubai.

Zoom Store in Dubai Metro
04:53 GMT
(press release)

Emirates National Oil Company is showcasing its retail franchising opportunities at the SIAL Middle East exhibition to be held at the Abu Dhabi National Exhibitions Company from November 26 to 28, 2012.

November 22, 2012

Egypt is to  compensate Jordan over disruptions to gas supplies
12:45 GMT

Egypt is compensating disrupted natural gas quantities to Jordan after several months of export troubles due to attacks on the Sinai-Egyptian pipeline that supplies natural gas to Jordan and Israel, a Jordanian official has said.

Jordan is attempting to liberalise it's fuel markets
11:44 GMT

As Jordan seeks to liberalise it's fuel markets, the country signed an agreement with French firms to supply oil products to forecourts across the country.

November 21, 2012

A bomb in Tel Aviv has sent oil prices up again
13:25 GMT

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.

Gas prices dipping in Lebanon
10:23 GMT

Gasoline and fuel prices in Lebanon continued to decline Wednesday, falling by LL500, according to the country’s Energy and Water Resources Ministry.

EQUATE President & CEO Mohammad Husain
09:58 GMT
(press release)

EQUATE Petrochemical Company said that the global petrochemical industry was facing serious global challenges.

Demand for fuel in Jordan has dropped dramatically since the decision to lift subsidies
08:20 GMT

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

Panic trading in the oil markets have caused prices to drop from previous one-month highs
12:02 GMT

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.