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.

May 28, 2012

Jordanian government unveiled new electricity rates carrying an average of a 12% increase on selected sectors
08:47 GMT

The Jordanian government unveiled on Sunday new electricity rates it claims will have a limited impact on citizens’ living conditions.

May 27, 2012

Prices of the 95-Octane gas were raised from JD0,795 to JD1 per litre and “adjust” those of liquid gas sold in bulk
07:45 GMT

The government on Saturday raised the price of 95-Octane gas and decided to “adjust” the prices of electricity provided to large consumers.

May 24, 2012

Dow Chemical Company
09:20 GMT
(press release)

Dow Oil & Gas announced the launch of the NEPTUNE Advanced Subsea Flow Assurance Insulation System experienced in Africa.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
06:12 GMT

Freshplus, continues the advancement of its position among other competing names with the opening of the sixth branch bearing the trademark at Dubai Media City.

May 23, 2012

During the training
10:23 GMT
(press release)

Emirates Gas, a wholly-owned subsidiary of ENOC, recently conducted an LPG Safety & Awareness training programme at the National Institute for Vocational Education.

The price of 98-octane graded fuel now stands at LL36,000 while the price of 95-octane graded fuel is LL35,300
09:07 GMT

The price of 20 liters of gasoline declined by LL1,000 and that of diesel by LL 500 from last week's price.

May 22, 2012

Bahrain is focusing on upgrading the energy sector, diversify revenues and promote the Kingdom's status as a major investment destination.
12:49 GMT

Bahrain is currently under expansion of the refining and petrochemical industry by conducting more excavation and exploration operations.

During the visit
07:54 GMT

A delegation from Abu Dhabi National Energy Company has made a formal visit to Turkey to discuss ways of developing the relationship between Abu Dhabi and Turkey and to identify investment opportunities in Turkey’s energy sector.

Mr. Ahmad Ayyash, general manager Fasttrack
06:10 GMT

Fasttrack service center for the repair and maintenance of vehicles, which belongs to Emirates General Petroleum Corporation has started providing the service of vehicles' glass repair and replacement.

May 21, 2012

RAK Petroleum
13:18 GMT

RAK Petroleum Public Company announced net profits of AED 81.3 million for the quarter ended 31 March 2012, continuing the Company’s profitability into the fourth consecutive year.

ENOC’s AutoPro
11:28 GMT
(press release)

AutoPro, ENOC’s professional vehicle care and services unit, is showcasing its spectrum of service offerings at the tenth Automechanika Middle East.

RAK Petroleum
06:10 GMT

RAK Petroleum Public Company Limited, the energy investment company, announced that it reached common ground with representatives of a Norwegian group known as the ”DNO Initiative”.

May 20, 2012

Oil has plunged 12 percent this month to about $92.50 after Iran and the six world powers resumed talks in Istanbul last month
13:22 GMT

Oil prices might go as high as $160 per barrel if the European Union goes ahead with a July 1 embargo.

During the event
07:36 GMT
(press release)

Masdar has won the coveted award for ‘Best Contribution to the Reputation of Procurement Profession’ at the CIPS MENA Supply Management Awards 2012.

EMGAS Training Programmes at Al Manzil Hotel
06:29 GMT
(press release)

Emirates Gas, has unveiled a series of dedicated training programmes for various stakeholders in line with its corporate social responsibility.