Oil & Energy

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Speculation on Saudi's role in global oil crisis still stirring. Why is Saudi holding its ground on its oil output? (Image Courtesy Lurie's News Cartoon)
Today
Saudi minister dismisses conspiracy theories on oil price, but the world's still speculating.

January 28, 2013

Protesters attacked an electricity company in Port Said, with one building catching fire, according to reports.
03:00 GMT

Hundreds of angry Egyptian protesters threw stones towards Canal Company for Electricity Distribution branch in the Suez Canal area in Port Said coastal city. One of the buildings of the company caught fire, ONTV reporter said on Saturday.

January 27, 2013

omanoil station
10:02 GMT
(press release)

Oman Oil Marketing Company (omanoil) has entered 2013 with over 140 filling stations, 80 ahlain convenience stores and a dozen car wash facilities in strategic locations across the Sultanate.

Global oil giant Exxon has overtaken Apple as the world biggest company, after the iPhone maker's share price dropped
08:08 GMT

The oil and gas company Exxon, which has operations across the MENA region, has overtaken Apple as the worlds biggest company, after the iPhone-maker's share price dropped.

Abdulrahman Qasim Al Ali with the delegation in presence of Ali Ibrahim
06:53 GMT

A delegation from the Yemeni Company, Bahkeem for General Trading, the authorized distributor of Emirates General Petroleum Corporation's Lubricants in Yemen, paid a visit to Emarat's headquarters in Dubai.

January 23, 2013

Iranian oil exports to Iran increased by 43 per cent in the last month of 2012, Bloomberg reported
13:10 GMT

China's crude oil imports from Iran reached 2.5 million tons in December 2012, up 43 percent from November, official data showed, in spite of Western sanctions against the Islamic Republic.

Gas prices in Lebanon have continued to rise, the eighth consecutive weekly increase
10:18 GMT

Gasoline prices in Lebanon continued their steady rise for the eighth week in a row on Wednesday.

January 22, 2013

The government in Syria has increased the cost of fuel and other commodities as the economy continues to suffer
09:30 GMT

The Syrian government has increased the prices of petrol, wheat and flour, three days after the cost of diesel increased, according to state media.

January 21, 2013

Baghdad has threatened Kurdistan with legal action over oil exports from the semi-autonomous northern region
13:14 GMT

Iraq has threatened the semi-autonomous Kurdistan region to the north of Baghdad with legal action over oil rights, in along-running dispute.

During the open day
12:37 GMT
(press release)

Dubai Electricity and Water Authority organised a Consultants and Contractors Open Day’ at the Grand Hyatt hotel, Dubai.

Damascus suffered power cuts over night
08:57 GMT

Syria’s capital Damascus suffered power cuts over night, the Associated Press reported.

Iraq has discovered more oil in the southern Maysan province, after the first exploration by state-owned firms in 30 years
06:52 GMT

Iraq has discovered more oil in the country after the first exploration by state-owned companies in more than 30 years.

January 20, 2013

The UAE's current oil production is 2.6 million barrels per day, according to the Energy Minister
12:06 GMT

The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammad Bin Dhaen Al Hamili.

An oil pipeline in Yemen has been blown up, causing operation to be suspended
08:40 GMT

Gunmen in southeast Yemen have blown up an oil pipeline that transports some 8,000 barrels per day to export terminals on the Gulf of Aden, suspending operations, a local official said on Saturday.

Libyan  officials have beefed up security at their oil and gas plants following the deadly hostage situation in neighbouring Algeria
08:16 GMT

Libyan officials have said that Libyan oil and gas installations are extremely secure and played down any threats of similar attacks such as that happened in Algeria during the last four days.

January 16, 2013

Gas prices in Lebanon have risen for the seventh week in a row, the weekly price update shows.
12:32 GMT

The price of fuel in Lebanon has risen for the seventh week in a row, the weekly price update shows.