Oil & Energy

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Instability and civil wars in the MENA region had a recent impart on oil supplies and demand (File/AFP)
July 23, 2014 - 12:12 GMT
According to a report, oil supply growth will reduce over the next 18 months. This comes with many risks. Why is the Middle East's oil industry experiencing a downfall?

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.

September 27, 2012

Are there links between Iran's military and energy sector? The USA thinks there are
07:00 GMT

The Iranian oil ministry denied statements made by the U.S. Treasury Department that there were military links to its energy sector.

September 26, 2012

The cost of fuel in Lebanon dipped slightly, but increases are expected soon
11:56 GMT

The cost of fuel in Lebanon decreased on Wednesday, although it is expected to rise again as tensions simmer over Iran's nuclear ambitions.

Oil and gas pipelines were attacked in Yemen on Tuesday
09:54 GMT

Oil and gas pipelines in Shabwa, Yemen,were attacked on Tuesday, the Oils and Minerals ministry confirmed. Attacks are common in the country, leading to billions of US Dollars in lost revenue.