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 8, 2012

Oman Oil and Rekaaz
10:34 GMT
(press release)

Oman Oil Marketing Company hosted prominent Islamic speaker, Sheikh Suleiman Abdulaziz Al Jubailan, as part of its collaboration with Rekaaz to campaign against peer pressure.

The upgrade of the refinery will increase its capacity from 260,000 barrels per day to 450,000 barrels per day
10:19 GMT

Bahrain is to spend between $6 billion and $8 billion on modernising its refinery within the next six to seven years, said a senior government official.

May 7, 2012

Mohammad-Husain, EQUATE President and CEO
11:50 GMT
(press release)

EQUATE Petrochemical Company said the Middle East has exported over 30 million metric tons (MT) of petrochemicals during 2011.

May 6, 2012

Do Good to Planet Earth
13:28 GMT

Dubai Electricity and Water Authority has launched the Home Appliances Campaign with the theme ‘Do Good to Planet Earth’.

Egypt has the 16th-largest proved natural-gas reserves in the world at 78 trillion cubic feet
12:21 GMT

Egypt's petroleum ministry is struggling to keep its spending under tabs. Now overspending threatens one of the most important projects in the nation: the contract for natural gas.

Electricity provision remains poor in Iraq, with the national grid only supplying a few hours of power per day
09:44 GMT

Iraq aims to double power provision in a year in a bid to bridge a shortage that remains a key frustration for ordinary Iraqis.

ADNOC stand at OTC 2012
07:53 GMT

The Abu Dhabi National Oil Company & its Group of Companies concluded their successful participation in the Offshore Technology Conference.

May 3, 2012

ADNOC delegation with senior executives at the US-UAE Business Council reception
10:18 GMT

The green initiatives adopted by ADNOC & its Group of Companies are prominently showcased at the Offshore Technology Conference and Exhibition OTC 2012 which is currently taking place in Houston, Texas, USA.

During the final draw
07:08 GMT

A UAE National, won a Ford Explorer 2012, being the grand prize of the promotional campaign launched by Emirates General Petroleum Corporation Emarat under the slogan Shop & Drive a Ford Explorer 2012.

May 2, 2012

As a result of the high prices of fuel, the General Labor Confederation announced last week a general strike for May 3
10:21 GMT

Gasoline prices fell by LL700 Wednesday, marking the first sharp decline in months after the price of the fuel reached LL40,000 in late April.

Dubai Mercantile Exchange
09:57 GMT
(press release)

The Dubai Mercantile Exchange, the leading energy futures exchange in the Middle East, announced today that its Membership Committee has approved the application of Marex North America.

The tournament winners
07:47 GMT

A tournament under the title of “Test Your Knowledge” was organized by the Retail Sales Department at Emirates General Petroleum Corporation “Emarat”.

May 1, 2012

Jordan faces a tremendous energy supply challenge, which convinced the Jordanian government to investigate the potential of nuclear power
13:56 GMT

The Jordanian Atomic Energy Commission said it was considering two offers to build a nuclear reactor in the kingdom.

ADNOC stand at OTC 2012
13:02 GMT

A high level delegation from ADNOC and its Group of Companies led by Mr. Saif Al Ghafli, Chief Executive Officer, Al Hosn Gas, attended the opening of the OTC 2012.

Masdar Institute of Science and Technology
12:09 GMT

Abu Dhabi National Oil Company has contributed AED1 million for the second consecutive year in support of the Young Future Energy Leaders YFEL program.