2005
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US shut-in fuels VLCC rates
The continuing shut-in of 63% of production in the Gulf of Mexico has not lessened, fuelling... Read full article »
Adnoc to open 200 stations
Adnoc Distribution intends to open more than 200 service stations in the UAE by 2008 at a cost of... Read full article »
US gas demand decline temporary
The recent decline in September demand for gasoline in the US is temporary, according to the Gulf... Read full article »
Traders predict static oil price
A Bloomberg survey of oil traders in New York suggested that oil prices were unlikely to rise or... Read full article »
Oil loses ground
Oil slipped back toward $62 a barrel yesterday as traders took profits following the previous... Read full article »
Orex Qatar ready in March
The $1bn Orex Qatar gas liquefaction project, a joint venture between the Qatar government and... Read full article »
Saudi ups petro-chem business
Saudi Arabia will be producing about 13% of the world's petrochemicals by 2009, up from a current... Read full article »
Syria searches for oil
Syria has ratified an oil drilling accord with Kuwait Foreign Petroleum Exploration Company and... Read full article »
KOC awards flow-line contracts
Kuwait Oil Company has signed three contracts for the construction of flow-lines and associated... Read full article »
Basra oil running again
Iraq's Basra oil terminal has resumed operations after wild weather conditions caused a four-day... Read full article »
Sinopec, Shell Oman crude steady
China-based refiner Sinopec has agreed with Shell to keep its term Oman crude supply unchanged at... Read full article »
Oil drops under $60
Oil slipped below $60 a barrel yesterday as Hurricane Wilma missed US oil and gas facilities in... Read full article »
Iraqi oil exports stop
Four bomb attacks have stopped all oil exports from northern Iraq and repairs could take a month,... Read full article »
VLCC rates push higher
Very Large Crude Carrier operators have largely been successful in pushing for higher rates,... Read full article »
$60 oil on lower US demand
Higher oil prices appear to be putting the break on US oil and gas consumption with US stocks... Read full article »
