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.

June 6, 2012

Iranian nuclear programme has escalated the threat level in the region
11:37 GMT

Saudi Arabia said Iran's nuclear programme has increased threats to the Gulf region and urged Tehran to cooperate with world powers to defuse tension.

The price of 98-octane graded fuel is now LL34,600, while the 95-octane graded fuel is LL33,900
11:27 GMT

Gasoline prices continued their decline Wednesday, with the cost of 20 liters decreasing by LL700, according to the Energy and Water Ministry.

Mohammed Bin Tameem, Retail Marketing Executive at the retail sales department of Emarat during the honouring
11:03 GMT

Dubai Municipality has honored Emirates General Petroleum Corporation "Emarat" for its active participation in the World No Smoking Day.

Kuwait Energy
08:49 GMT
(press release)

Kuwait Energy announced that it has hosted a delegation of officials from Libyan national oil companies for a full day workshop.

June 5, 2012

Large-engine cars, imported mainly from the US, cost around JD20,000 per car, making it affordable to the vast majority of medium-income Jordanians
12:54 GMT

Automobile traders expect demand for large-engine cars to drop sharply due to the recent hike in fuel price.

Engineer Arif, Engineering and Services Manager at Emarat presenting during the conference
10:54 GMT

Engineer Arif Eissa Al Muhairi, Engineering and Services Manager at Emirates General Petroleum Corporation "Emarat", took part in the Fourth Arab Conference for Outsourced Contracting 2012.

09:11 GMT
(press release)

Dr Sultan Ahmed Al Jaber, Chief Executive Officer of Masdar, Abu Dhabi’s multi-faceted renewable energy company, has received this year’s United Nations’ Champions of the Earth award.

June 4, 2012

All countries in the MENA region are facing high rates of electricity demand growth, and the Gulf countries have some of the highest levels of per capita electricity consumption and carbon emissions in the world
15:04 GMT

Smart grid is an opportunity for MENA countries to incorporate their vast solar and renewable resources, manage growing demand, reduce carbon emissions and cut down on electricity system losses.

Students listening to presentation from Masdar Institute
09:39 GMT
(press release)

Masdar and Masdar Institute of Science and Technology, demonstrated their support to students of Emirates National School (Boys Campus) by offering lessons in sustainability during the Science Fair.

May 31, 2012

The price of 98-octane graded fuel is now LL35,300, while 95-octane graded fuel is now sold at LL34,600
10:51 GMT

The price of gasoline fell by LL700 over the past week to a near-record low Wednesday, according to the Energy Ministry, while that of diesel oil fell by LL600.

Mark Carne, Shell’s Middle East & North Africa Executive Vice President
08:44 GMT
(press release)

Mr. Mark Carne Shell’s Middle East & North Africa Executive Vice President stated that Shell always promotes local partnerships in countries where we operate.

Abdulrahman Qasim Al Ali, Commercial Sales Manager at Emirates General Petroleum Corporation with ExxonMobil delegation
06:09 GMT

Mr. Abdulrahman Qasim Al Ali, Commercial Sales Manager at Emarat, held discussions with officials from the oils department at Exxon Mobil.

May 30, 2012

Earlier this week, the government raised the price of 95-octane gas from JD0.795 per litre to JD1 per litre,
11:16 GMT

Demand for 95-octane gasoline has dropped by 64 per cent since the government raised the price of the product three days ago.

Kuwait Energy
11:11 GMT
(press release)

Kuwait Energy announced that a consortium led by the company was awarded today the exploration and development contract of “block 9” in Basra, Iraq.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
07:45 GMT

Emirates General Petroleum Corporation "Emarat" will participate in the Global No Smoking Day, on which Emarat shall cease selling cigarettes and other tobacco products in its various stores.