2005
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Oil $62, US inflation rises
Oil prices fell below $62 a barrel at the close of trading last week after the biggest rise in... Read full article »
Iran shuts oil fields
Iran has shut down production from two oil fields because of difficulties selling the heavy oil... Read full article »
KNPC invites $6bn refinery bids
Kuwait National Petroleum Company will seek bids in February 2006 for the building of a $6bn... Read full article »
Oil hits back to $64
Oil hit the $64-mark yesterday on winter supply concerns and an International Energy Agency... Read full article »
High oil affecting growth
High oil prices are probably affecting world economic growth, but consumer countries should do... Read full article »
Oil up on IEA figures
Oil prices went up after the International Energy Agency made a downward revision to energy... Read full article »
Kuwait oil contracts
Kuwait will offer companies $1.7bn worth of oil industry contracts in 2006, reported Emirates... Read full article »
Oil eases below $62
Oil prices steadied below $62 as investors weighed evidence of demand destruction against lost... Read full article »
Oil firms jostle for Iraq
US and British oil firms should have first right of refusal for developing Iraq's oil reserves... Read full article »
VLCC rates set to rocket
Sky high November rates for Very Large Crude Carriers are likely again this year as the queue in... Read full article »
$1bn Egypt, Gulf refinery plan
The privately-owned, Cairo based Investment and Security Group is promoting a $1bn plan to build... Read full article »
Fluor wins $999m Gasco job
The UAE has awarded US engineering giant Fluor a $999m contract for the first phase of the... Read full article »
Oil prices slump
Oil prices slumped last week on an easing of energy demand in the US. US light crude hit its... Read full article »
IEA, oil demand destruction
International Energy Agency officials said last week that the two US hurricanes had resulted in a... Read full article »
$1.2bn Kuwait Oil contract
Kuwait Oil has awarded a contract worth $1.2bn in an agreement with Hyundai Heavy Industries to... Read full article »
