Recent

EIA expects crude oil prices to continue to rise in late 2019 and early 2020 because of an increase in refinery demand for light-sweet crude oil (Shutterstock)
January 17, 2019 - 10:46 GMT
World benchmark Brent crude oil will average $61 per barrel in 2019 and $65 in 2020, according to the U.S. Energy Information Administration’s January Short-Term Energy Outlook released on Wednesday.
Gulf shifts focus to diversify energy sources to boost economy (Shutterstock)
January 16, 2019 - 10:52 GMT
The UAE and other GCC countries can achieve significant benefits from renewable energy by creating thousands of jobs, saving millions of barrels of oil and billions of dollars in discounted fuel savings over the next decade, says a new study.
The Kingdom Tower stands in the night in Riyadh, Saudi Arabia (Shutterstock)
January 15, 2019 - 08:36 GMT
Saudi Arabia aims to increase its renewable energy production to 60 gigawatts, including 40 GW from solar energy and 20 from wind and other sources by 2030.
During the event
January 15, 2019 - 07:18 GMT
As part of Oman Oil Marketing Company’s (OOMCO) commitment to enhance the quality of life of the people in Oman, an agreement has been signed with the Oman Lawyers Association (OLA) to support the ‘Fak Kurba’ program.
Saudi Arabia to Construct $10 Billion Oil Refinery in Pakistan (Shutterstock)
January 14, 2019 - 10:18 GMT
Saudi Arabia has announced that it will invest $10 billion USD to construct an oil refinery in Gwadar.
Brent has bounced back above $60 a barrel and we retain our $70 a barrel forecast for 2019 (Shutterstock)
January 14, 2019 - 08:16 GMT
Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December.
The change in speculative flows marks a reversal from last month’s gloomy activities. (Shutterstock)
January 13, 2019 - 09:43 GMT
The change in speculative flows marks a reversal from last month’s gloomy activities
During the event
January 13, 2019 - 08:42 GMT
Attended by major GCC fuel retail operators, Oman Oil Marketing Company’s (OOMCO) CEO David Kalife recently took part in the second Gas Stations Build Middle East summit held in Abu Dhabi.
Turkey's natural gas consumption retreats to around 50 billion cubic meters in 2018. (Shutterstock)
January 13, 2019 - 08:22 GMT
Turkey's natural gas consumption retreats to around 50 billion cubic meters in 2018
Saudi Arabia is the world's top oil exporter. (Shutterstock)
January 10, 2019 - 09:01 GMT
Saudi Arabia announcement came after an external audit was started as part of preparations for the initial public offering of state oil company Aramco.
Apicorp made the prediction in a report as the oil price again ticked higher, supported by the hopes that talks between China and the US would defuse current trade tensions. (Shutterstock)
January 09, 2019 - 09:40 GMT
Apicorp made the prediction in a report as the oil price again ticked higher, supported by the hopes that talks between China and the US would defuse current trade tensions.
Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry. (AFP)
January 09, 2019 - 08:15 GMT
The UAE minister said the market dictates the oil price.
Oman Gas uses AssetWise Asset Reliability with handheld devices to enable digital workflows and improve reliability and performance of its operations.
January 08, 2019 - 11:06 GMT
Oman Gas Company OGC operates a 2,500-kilometer high-pressure gas transmission network that runs the length and breadth of the Sultanate with annual gas transmission volumes of around 21.549 billion cubic meters.
Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth. (Shutterstock)
January 08, 2019 - 09:15 GMT
Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth.
Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said despite the U.S. sanctions more oil buyers have approached the country for negotiations. (Shutterstock)
January 06, 2019 - 09:31 GMT
Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said despite the U.S. sanctions more oil buyers have approached the country for negotiations.
Oil prices collapsed over 40 per cent in the fourth quarter, but surged to its best weekly gain in more than two years this week. (Shutterstock)
January 06, 2019 - 08:09 GMT
Oil prices collapsed over 40 per cent in the fourth quarter, but surged to its best weekly gain in more than two years this week.