Oil & Energy

Featured Story:

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 26, 2014

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.

June 25, 2014

The fact is that salaries are not increasing by 10 per cent, 25 percent or 100 per cent a year.
13:48 GMT

Rents in this locale have increased on average by 100 per cent over the last year.

During the event
08:56 GMT
(press release)

Oman Oil Marketing Company’s Chief Executive Officer, Engr. Omar Ahmed Salim Qatan, has taken home the coveted Alam Al-Iktisaad Wal A’mal (AIWA) Award for ‘CEO of the Year’.

OCTAL PET Complex, Salalah
08:28 GMT
(press release)

OCTAL, will welcome 25 students from Universities and Colleges across Oman this summer as part of the company’s annual three-month internship program.

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.