Oil & Energy

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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.

October 18, 2012

Gas fields of Lebanon's coast could be potentially lucrative
13:46 GMT

Leading international oil firms will get first-hand information about the initial findings of Lebanon’s massive gas wealth under the sea during a meeting in London on Wednesday.

Egypt is set to announce details of an important gas auction
10:48 GMT

Egypt will soon announce details of an auction for the planned import of liquefied natural gas (LNG), in a move that will be rely heavily on the private sector, as the country seeks to import over 1 billion cubic feet of natural gas daily.

The US is holding a major naval exercise designed to keep oil supply routes open in the event of an Iran-Israel war
05:00 GMT

US Navy officials in Bahrain have hit back at criticism of a major mine-sweeping exercise in the Gulf designed to show global will to keep oil shipping lanes open as Israel and Iran trade threats of war.

October 17, 2012

Facebook winners
09:58 GMT
(press release)

Oman Oil Marketing Company (omanoil) awarded an iPad 3 and iPhone 5 to two lucky Facebook competition winners as part of its Customer Service Week celebrations.

Lebanon looking set to use wind as a new form of energy
08:21 GMT

Lebanon is looking set to invest heavily in wind farms, with twenty-three local and international companies submitting declarations of intent for building wind farms, the Energy and Water Ministry said Tuesday.

During the event
07:34 GMT
(press release)

Kuwait Energy’s Chief Executive Officer Sara Akbar joined top female leaders at the 4th Congress of Women in Warsaw, Poland.

Saeed Mohammed Ahmad, Senior Vice President, Procurement & Logistics Airline Services at Emirates Airlines receives honorary trophy from Abdulrahman Qassim Al Ali, Commercial Sales Manager at Emarat
07:24 GMT

Emirates General Petroleum Corporation "Emarat" honored Emirates Airlines for the fruitful partnership that has been tying the two establishments for decades.

October 16, 2012

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat,
07:01 GMT

Emirates General Petroleum Corporation "Emarat" signed a memorandum of understanding with Al Qasimi Publications in Sharjah.

October 15, 2012

The IMF has thanks the GCC for its role in keeping oil prices stable
10:25 GMT

The International Monetary Fund has praised GCC states in their efforts to keep global oil prices stable, despite growing concerns of the US economy, the Eurozone and a slowdown in China.

Restaurants and shops will be forced to close early under new government plans to save money, but tourist sites will be exempt.
08:22 GMT

Egypt is to enforce strict new closing times for shops and restaurants in an effort to save the country LE6billion ($1 billion), in electricity, according to the trade and industry minister, Hatem Saleh.

Mohammad Al Benali, EQUATE VP Technical Services
08:20 GMT
(press release)

EQUATE Petrochemical Company has issued its 2011 Sustainability Report.

Sara Akbar, Kuwait Energy’s Chief Executive Officer
07:35 GMT
(press release)

Kuwait Energy announced a new oil discovery of Ahmad-2 well, located in the Area A license in the Gulf of Suez, Egypt, adjacent to the Shukheir North West field.

DEWA Stand at GITEX 2012
05:48 GMT
(press release)

DEWA is showcasing the latest customer service technologies during GITEX 2012, one of the world’s top three ICT, Information, Communication, and Technology exhibitions, this year.

October 14, 2012

Oil importers in the Middle East face externalised risk
14:12 GMT

Oil-importing countries in the Middle East are experiencing heightened risks as their budgets and external balances deteriorate, the International Monetary Fund (IMF) said.

Oman Oil Automatic Toilet
11:02 GMT
(press release)

OmanOil has introduced the country’s first of its kind Automated Toilet at its Burj Al Sahwa filling station in a bid to advance Oman’s public hygiene facilities.