Oil & Energy

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Fuel prices in Jordan are “expensive” and do not match the average income of the majority of people, Majali said.
October 21, 2014 - 22:47 GMT
The drop in international oil prices is good news for Jordanians, if it is reflected “fairly” on domestic fuel prices.

November 22, 2012

Egypt is to  compensate Jordan over disruptions to gas supplies
12:45 GMT

Egypt is compensating disrupted natural gas quantities to Jordan after several months of export troubles due to attacks on the Sinai-Egyptian pipeline that supplies natural gas to Jordan and Israel, a Jordanian official has said.

Jordan is attempting to liberalise it's fuel markets
11:44 GMT

As Jordan seeks to liberalise it's fuel markets, the country signed an agreement with French firms to supply oil products to forecourts across the country.

November 21, 2012

A bomb in Tel Aviv has sent oil prices up again
13:25 GMT

With the turmoil in the Middle East worsening, latest round of development being an explosion in a bus in Tel Aviv that injured at least 10 people, crude prices have climbed in a big way.

Gas prices dipping in Lebanon
10:23 GMT

Gasoline and fuel prices in Lebanon continued to decline Wednesday, falling by LL500, according to the country’s Energy and Water Resources Ministry.

EQUATE President & CEO Mohammad Husain
09:58 GMT
(press release)

EQUATE Petrochemical Company said that the global petrochemical industry was facing serious global challenges.

Demand for fuel in Jordan has dropped dramatically since the decision to lift subsidies
08:20 GMT

Following the Jordanian governments decision to lift subsidies on fuel products, demand for petroleum products has dropped sharply over the last few days, according to the Gas Station Owners Association.

November 20, 2012

Panic trading in the oil markets have caused prices to drop from previous one-month highs
12:02 GMT

As the Gaza conflict unfolds US Secretary of State Hillary Rodham Clinton has started talks with stake holders in Middle East. United Nations Secretary Ban Ki-moon is also expected to reach Israel Tuesday, causing a flurry of activity in the oil markets.

A well-placed UK insider on the Egypt-IMF talks says it'll be difficult, but necessary, for the Egypt to agree on the terms.
11:08 GMT

A well-positioned UK official close to the negotiations between the IMF and Egypt over a $4.8 billion loan deal reveals to Ahram Online that "The IMF wants economic reforms before it gives the money."

Fuel prices in Jordan will fluctuate in line with international costs
08:40 GMT

After days of protests across Jordan caused the the governments decision to increase the cost of petroleum products, it has been announced that fuel prices will be matched to market prices, which will see them fluctuate in line with international prices.

Mr.Hussain Kazim, Manager, Corporate Communications at Emarat
07:20 GMT

Emirates General Petroleum Corporation, pavilion at the Abu Dhabi Petroleum Exhibition and Conference this year, witnessed significant interest from a wide range of visitors.

Crescent Petroleum is set to expand its operations in Libya and Lebanon
03:00 GMT

UAE-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its chief executive told Reuters.

November 19, 2012

Global electricity demand is set to shoot up by 70 per cent
12:11 GMT

The global demand for electricity could rise by over 70 per cent between 2010 and 2035 driven largely by rising demand from emerging economies, the International Energy Agency (IEA) said.

Saif Al Falasi, ENOC’s Executive Director for EHSQ and Corporate Affairs at the conference
09:11 GMT
(press release)

Emirates National Oil Company (ENOC) organised the 4th annual Occupational Health Conference recently at the Al Murooj Rotana Hotel in Dubai.

Is nuclear the future in the Saudi kingdom?
05:00 GMT

Diesel and gas power stations throughout Saudi Arabia will gradually be replaced by nuclear generators over the next decade as the country develops greener sources of energy, it has been announced.

November 18, 2012

Egypt to increase gas supply from Algeria
12:31 GMT

The Egyptian government has negotiated with Algerian petroleum company SONATRACH to increase its butane gas imports from the country to one million tonnes per year, state-run daily Al-Ahram reported on Thursday.