2008
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Opec's cuts may boost prices
Analysts surveyed by Bloomberg say oil futures may rebound from their worst year to average $60 a... Read full article »
Iraq to offer 10 fields for licencing
Iraq says it will offer 10 undeveloped or underdeveloped gas and oil fields in its second postwar... Read full article »
Dana Gas makes new gas discovery in Egypt
Sharjah-based Dana Gas said it has made a significant gas discovery at its El Basant-2 well in... Read full article »
Dubai retailers cut diesel prices
Dubai oil retailers are to slash the price of diesel at the pumps by Dhs1 a gallon effective from... Read full article »
Metito wins contract on Das Island
Metito has won the engineering, procurement and construction contract on Das Island. The contract... Read full article »
Qatar delivers third LPG carrier
Qatar Gas Transport Company and Qatar Shipping Company have delivered 'Al Wukir', the third in a... Read full article »
Analysts predict further drop in oil prices
US investment bank Merrill Lynch forecasts oil prices to average $50 a barrel in 2009, as energy... Read full article »
Adnoc oil revenues fall
The official selling price of Abu Dhabi's crude oil grades averaged $101.52 a barrel between... Read full article »
Oil price jumps to $36
Oil price has climbed above $36 a barrel on Friday after the United Arab Emirates has joined... Read full article »
Jordan looks into nuclear power
Jordan's government is looking into building a nuclear power plant near Aqaba on its Red Sea... Read full article »
Adnoc to cut supplies to Bharat Petroleum
According to an industry source, Abu Dhabi National Oil Co (Adnoc) may cut supplies to India's... Read full article »
Qatar Petroleum revenues set to soar
By 2012, Qatar Petroleum aims to generate QR560bn riyals (Dhs565bn) in total revenue. Sales in... Read full article »
Kuwait to maintain oil investment strategy
According to Kuwait's oil minister, the country will keep its main strategy unchanged, despite... Read full article »
NIDC to invest $2bn in Gulf
The National Iranian Drilling Company plans to invest $2bn worth of projects in the Gulf. In... Read full article »
Opec revenues to hit five-year low
A new report from the US government predicts that Opec's oil export revenue will plunge more than... Read full article »
