Oil & Energy

Featured Story:

“There is one major resource base in the world which could meet the growth in the global oil demand, which is the Middle East,” he said.
July 27, 2014 - 18:24 GMT
While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the Middle East.

October 10, 2012

Jordan's Muslim Brotherhood cancelled a planned trip to Egypt to help negotiations
08:54 GMT

Jordan's Muslim Brotherhood cancelled its planned trip to Egypt to assist with a gas agreement, that could have alleviated the Kingdoms chronic gas shortfall.

October 9, 2012

Saudi Arabia is taking action to keep oil prices moderated
10:11 GMT

As fears grow for the global economy, Saudi Arabia says that current oil prices are adequate for global economic growth after slight reduction in the cost of a barrel of Brent crude.

In a sign of continued economic and environmental partnership, UAE-based Masdar executives are set to speak at Singapore’s annual Asia Future Energy Summit, taking place in later this month
08:15 GMT
(press release)

In a sign of continued economic and environmental partnership, UAE-based Masdar executives are set to speak at Singapore’s annual Asia Future Energy Summit, taking place in later this month.

October 8, 2012

Iraq's oil export rose in September
15:16 GMT

Iraqi oil output is continuing to increase as the country plans to increase exports, as current levels are the highest since 1979.

Omani police and customs caught the smugglers when inspecting trucks at a check point
10:43 GMT

A gang of oil smugglers have been caught in Oman by customs officers who later found out that the group had altered vehicles to carry fuel derivatives destined for the lucrative black market.

Iran is attempting to sail round Western sanction with new oil tankers
08:54 GMT

As the Iranian economy is buffeted by Western sanctions, the Islamic Republic is trying to sail around them by taking delivery of twelve new oil tankers so it can deliver oil to Asia.

Yemen confirms oil plans
08:03 GMT

Yemen's Supreme Committee on Crude Oil Marketing has approved the crude oil sales for the Republic for December 2012.

October 7, 2012

Saudi to top oil investment in the MENA region
09:33 GMT

Investment in oil in the MENA region is expected to top $740 billion over the next five years, lead by Saudi Arabia.

October 4, 2012

Fuel prices are set to decrease further if oil price continue to slide
06:00 GMT

Fuel in Lebanon has decreased, as the Water and Energy minister set a ceiling price for petroleum derivatives in Lebanese markets.

October 3, 2012

Oil prices fell again on Wednesday as fears grow over the global economy
11:28 GMT

Oil prices fell again on Wednesday as concerns over the global economy increased. The ongoing Eurozone crisis, weakening growth from China and Middle East tensions strike fear in to the hearts of investors

October 1, 2012

During the ceremony
10:07 GMT
(press release)

Emirates National Oil Company honoured the Dubai Roads & Transport Authority (RTA) for their partnership in opening ZOOM convenience stores at the Dubai Metro stations.

Neil Parkins, general manager for Hertz Car, honours Mohammed Hassan, head of vehicles registration operations in Shamil Vehicles Testing and Registration Services
09:40 GMT

Mr. Neil Parkins, general manager for Hertz Car Rentals, honored Mr. Mohammed Hassan Ali, head of vehicles registration operations in Shamil Vehicles Testing and Registration Services.

During the event
06:08 GMT
(press release)

Oman Oil Marketing Company (omanoil) is celebrating International Customer Service Week in honor of employees who serve and support customers with the highest degree of care and professionalism.

September 30, 2012

Is it time start to be optimistic about Sudan and South Sudan's future?
09:48 GMT

A UAE paper has said the deal between Sudan and South Sudan on oil and borders is an opportunity to be optimistic about the future, after a deal was reached on oil between the new neighbours.

Zoom awarded RTA
05:47 GMT
(press release)

Emirates National Oil Company honoured the Dubai Roads & Transport Authority for their partnership in opening ZOOM convenience stores at the Dubai Metro stations.