Oil & Energy
December 15, 2014
Libya's eastern Es Sider oil export port, the country's biggest, has been shut due to fighting nearby between forces representing the country's competing governments.
December 14, 2014
World leaders have a "golden opportunity" with plunging oil prices to put a price on carbon emissions since cheaper fuel makes the move less risky politically, said the International Energy Agency (IEA).
Crude oil supplies from Saudi Arabia inched up in November from a month earlier, an industry source said, signalling no change in the kingdom's supply
EQUATE Petrochemical Company, Kuwait’s first international petrochemical joint-venture, sponsored the 17th Career Fair organized by Kuwait University’s College of Engineering & Petroleum.
December 11, 2014
Iranian President Hassan Rouhani has blamed unnamed countries of plotting to bring down crude prices.
December 10, 2014
Lawmakers on Wednesday recommended that the government shelve a planned natural gas deal with Israel following two long sessions dedicated to discussing the controversial issue.
Buying Israeli gas will save the Jordanian economy $1.5 billion a year.
A breakdown in OPEC solidarity or a price war among producers for market share will lead to an “enormous price-dive shock.”
British oil major BP plans to invest more than $12 billion in Egypt over the next five years.
December 9, 2014
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan
EQUATE Petrochemical Company sponsored Kuwait’s fifth annual convention on the occasion of “The International Day of Persons with Disabilities” organized by Training Gate International.
December 8, 2014
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.
With one month to go, 2014 is already the best year for hiring in 15 years.
The UAE is the first Gulf Arab state to start building a nuclear power plant to generate energy.
"Such a drop is unprecedented," he said in a speech to parliament carried live on state television, noting that the government had been cautious in its forecasts.