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 17, 2012

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.

ELOMP at the Middle East Base Oils Lubricants
06:02 GMT
(press release)

Emirates National Oil Company Lubricants, highlighted the role that lubricants play in promoting energy efficiency at the ninth edition of the ICIS Middle East Base Oils & Lubricants Conference.

October 10, 2012

Saudi Aramco discovers a new gas field in the Red Sea
12:31 GMT

Saudi Aramco, Saudi Arabia's state-owned energy company, has discovered a potentially highly lucrative new gas field in the Red Sea.

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.