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.

June 22, 2014

During the course
08:34 GMT

The Retail Sales Department of Emirates General Petroleum Corporation "Emarat” organized a training course on the basics and principles of applying First Aid.

June 20, 2014

Israeli refineries have taken Kurdish crude oil before but in small volumes, which were shipped to Turkish ports by truck.
14:01 GMT

"We do not comment on the origin of crude oil being imported by the private refineries in Israel," an Israeli energy ministry spokeswoman said.

June 19, 2014

“Iran re-entry presents an opportunity to improve security of supply and for oil and gas service companies to develop significant opportunities,” said Mr. Stocker.
04:55 GMT

Business is already preparing for barriers preventing trade with one of the region’s biggest potential markets to be brought down.

June 18, 2014

Baghdad’s warnings have not deterred the Kurds so far.
08:15 GMT

“They pushed us to do this,” Hawrami said. “We’re going to create facts on the ground... Don’t ask me to surrender my rights into your hands.”

June 17, 2014

Some of the possible company targets include Kuwait Oil Company, Petroleum Development Oman, Qatar Petroleum, Saudi Aramco, ADNOC, ENOC and Bahrain Petroleum Company.
12:12 GMT

The threat, made by Anonymous, a politically motivated group of hacktivists, states that they are planning to attack before, during, and after June 20, 2014.

OCTAL Chairman of OCCI Salalah Branch, Sheikh Abdullah Al Rawas during visit to OCTAL PET Complex
05:36 GMT
(press release)

OCTAL welcomed the Chairman of the Oman Chamber of Commerce and Industry (OCCI) Salalah Branch, Sheikh Abdullah bin Salim Al Rawas, and a number of OCCI Board Members at the company’s state-of-the-art PET Complex.

Imports of oil from Iran often swing widely from month to month as one of South Korea's two refiners to import Iranian oil usually buys the crude only every other month.
04:55 GMT

South Korea and other Asian buyers are supposed to hold their crude imports from the OPEC member at end-2013 levels under the terms of the Geneva accord between Iran and six major powers.

June 16, 2014

During the event
09:49 GMT
(press release)

A study on the corporate governance framework of Emirates National Oil Company (ENOC), has won the first prize at a case study competition organised by the GCC Board Directors Institute in partnership with London Business School.

Oman oil visit
05:25 GMT
(press release)

Employees from Oman Oil Company and its group of companies recently visited the Association of Early Intervention for Children with Disabilities in Muscat and Al Noor Association for the Blind in Sohar.

Escalating violence in Iraq drove crude oil and the dollar higher on Friday while damping the appetite for global equity markets, even as bullish news from the US tech sector lifted stocks on Wall Street.
03:55 GMT

Brent crude edged above $113 a barrel, up more than $4 this week, on concerns that an insurgency in Iraq could trigger civil war and eventually crimp oil exports.

June 15, 2014

The OPEC meetings since 2012 have produced no policy change.
19:45 GMT

Saudi Arabia has suggested OPEC meet just once a year, rather than twice, a sharp reduction from the days when the group met for up to seven times a year in the early 2000s.

Mr. Hussain Kazim, Manager Corporate Communications at Emarat
07:20 GMT

Emirates General Petroleum Corporation "Emarat" is collaborating with Dubai Roads and Transportation Authority (RTA) in order to promote safe driving for motorist on long routes, with emphasis on customer who travel from Dubai to Saudi Arabia.

June 12, 2014

During the event
05:25 GMT
(press release)

ENOC staff members marked Hag El Leila, the traditional Emirati festival, by visiting the Rashid Centre for Disabled to distribute sweets to the children.

June 11, 2014

Emirati entrepreneur and motivational speaker Hala Kazim presents her guest lecture on ‘How to Love Yourself’ for ENOC’s Emirati staff members
05:25 GMT
(press release)

The Competency & Career Development unit, within the Group Human Resources Department at Emirates National Oil Company (ENOC), organised a seminar on ‘Self-development’.

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
04:55 GMT

In November 2013, Iranian MP Hossein Sobhani-Nia said China had agreed to use $20 billion of blocked Iranian money to fund development projects in Iran to circumvent the international sanctions imposed on the country.