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.

April 30, 2012

The formation of the new Jordanian government will suspend the rise of electricity tariffs previously scheduled to go into effect this May
07:26 GMT

The recent change of Jordanian government will delay a previously planned rise in electricity rates with the incoming premier expected to review the new tariff.

April 29, 2012

According to a Ministry of Energy source, Cairo pledged to resume pumping gas to Jordan in mid-May
12:01 GMT

Egyptian gas supplies are set to resume next month stressing that Cairo’s recent decision to annul its gas agreement with Israel will not affect the Kingdom’s main energy source.

Abdulrahman Qassim Al Ali with the visiting delegation
07:38 GMT

A delegation from the Kuwait Aviation Fuelling Company visited Emirates General Petroleum Corporation Emarat.

April 26, 2012

Mohammad Ahli, Director General of Dubai Civil Aviation Authority honors Salem Bin Suloom, Manager Aviation Sales,at Emarat
06:52 GMT

Dubai Civil Aviation Authority honored Emirates General Petroleum Corporation "Emarat", for its continuous support of several of DCAA's programs, activities and events.

RAK Petroleum
05:38 GMT

RAK Petroleum Public Company, the energy investment company, announced net profits of AED 15.7 million for the year ended 31 December 2011, making a third consecutive year of profitability.

April 25, 2012

Asian oil importers are lobbying European officials, who are expected to meet on the issue in mid-May, for exemptions to the sanctions
13:42 GMT

Iran’s oil shipping operator NITC is expanding its oil tanker fleet with the first of 12 supertankers to be delivered from China in May.

The employees had gone on strike to demand improved financial benefits, including four months bonus salary each year
07:10 GMT

A dispute between the Jordanian Electric Power Company (JEPCO) and its employees was resolved ending a 17-day strike by the workers.

April 24, 2012

A potential loss of Iranian oil supplies has helped underpin strong gains in oil prices during late last year and the Q1 of this year
13:00 GMT

Crude oil came under heavy selling pressure hitting the lowest level in 2 weeks as ongoing concerns over the sovereign debt crisis in the euro zone.

OCTAL Petrochemicals employees celebrating World Earth Day 2012
09:45 GMT
(press release)

OCTAL Petrochemicals employees planted 50 native Frankincense trees at the company’s 47-hectare PET Complex in the Salalah Free Zone in honor of World Earth Day 2012.

Iranian export terminals and other oil facilities were under attack by malware and hackers
09:09 GMT

Iran has disconnected its main crude export terminal as well as its oil ministry from the Internet to avoid being attacked or manipulated by malware.

Jordan's energy bill exceeded JD4 billion in 2011
07:17 GMT

The Jordanian government will raise electricity tariffs to counter an expected loss of more than JD1.5 billion in the energy sector resulting from the halt in Egyptian gas supplies.

April 23, 2012

Egypt announced Sunday it was ending its natural gas export contract with the Israeli company East Mediterranean Gas company
14:52 GMT

Most Israeli officials downplayed Egypt's decision to terminate a natural gas supply to Israel, calling it a business dispute, not a politically motivated one.

Electricity workers shall continue their strike until their demands are being answered
08:02 GMT

Around 200 Jordanian Electric Power Company (JEPCO) workers gathered outside the Prime Ministry on Sunday to protest against what they called unfair working conditions.

April 22, 2012

ADNOC booth at the OTC 2011
12:33 GMT

ADNOC & its Group of Companies are gearing up for a strong participation in the upcoming Offshore Technology Conference (OTC 2012) which will take place in Houston, USA, 30 April to 3 May, 2012.

April 19, 2012

Employees planned to escalate their strike if the company did not meet their demands
12:38 GMT

The president of the Jordanian Electric Power Company voiced hope that the dispute between the company and its workers would be resolved within a day.