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 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.

During the event
09:52 GMT
(press release)

Oman Oil Marketing Company recognized employees who achieved the best personal health record and lost the most weight as the internal health awareness program, ‘I Promise’, came to a successful conclusion.

September 25, 2012

Libya has oil reserves that are waiting for development, but no new contracts are out for tender
13:45 GMT

Significant oil and natural gas discoveries are waiting to be developed in Libya though no new bidding rounds are expected soon, an executive said from Tripoli.

Off the Gaza coast, Palestine is looking set to develop natural gas
11:09 GMT

The Palestinian Authority (PA) has entered negotiations with Israel, seeking permission to develop natural gas off the Gazan coast in the Mediterranean Sea. The negotiations are sponsored by former British Prime Minister Tony Blair who is now the envoy for the Quartet of Middle East Peace brokers

The USA and France are planing oil and gas explorations in Yemen
10:57 GMT

Companies from the USA and France are looking at oil-exploration in the conflict ridden republic. The US has said that it's support for Yemen will extend beyond oil, to help achieve "political and economic stability".

Mr. Abdulrahman Qassim Al Ali, Commercial Sales Manager at Emarat and Chairman of Emojet
07:32 GMT

Emojet, the joint venture between Emirates General Petroleum Corporation "Emarat" and Exxon Mobil, won the Golden Aviation Wings Award, as the best airports operator in Europe, Africa and the Middle East for 2011.