Oil & Energy
December 17, 2014
Core Gulf OPEC oil producers signalled this week they are prepared to wait as long as six months to a year to see the market stabilise,
The decline in fuel prices comes against the background of Brent oil falling to a new five-year low.
Emirates National Oil Company (ENOC), has signed an agreement with ADNOC Distribution for the strategic transfer of 25 non-operational service station facilities in Sharjah to ADNOC Distribution’s network.
As the State of Qatar prepares to celebrate its national day RasGas Company Limited (RasGas) held its second annual Qatarization celebration.
EQUATE Petrochemical Company, Kuwait’s first international petrochemical joint-venture, sponsored a project by Kuwait Dive Team to protect coral reefs in a number of Kuwaiti islands by installing bowing marines.
Emirates General Petroleum Corporation "Emarat" have lowered diesel prices by 20 fils a liter across all their service stations effective from, 18 December 2014.
December 16, 2014
“It will be a positive effect starting from next year. We will see a drop in ticket prices,”
Kurdistan’s Regional Government (KRG) has failed to pay $100 million to a Dana Gas consortium as instructed by a London arbitration court
Emirates National Oil Company (ENOC) hosted a delegation of students and faculty members from Sam Houston State University in Texas, who were in Dubai as part of an educational programme.
December 15, 2014
OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel.
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.