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Oil drops below $93

Oil prices plunged below $93 on Monday, hitting seven-month lows. Brent North Sea crude for... Read full article »
Middle East: Monday, September 15 - 2008 at 16:05

Iran, Ecuador sign deal

OPEC members Iran and Ecuador have signed an energy cooperation deal, according to the official... Read full article »
Iran: Monday, September 15 - 2008 at 16:03

Oil falls below $100

Crude oil prices fell to their lowest level in six months as refineries along the Gulf of Mexico... Read full article »
Middle East: Monday, September 15 - 2008 at 09:20

Storm curbs US refining capacity

Hurricane Ike, which made landfall along the US Gulf Coast on Saturday, may limit fuel deliveries... Read full article »
Middle East: Sunday, September 14 - 2008 at 09:02

Saudi in 'mild' production cut

Saudi Arabia has reluctantly agreed to a mild cut in oil output but the world's top exporter said... Read full article »
Saudi Arabia: Saturday, September 13 - 2008 at 10:46

Chevron gets extension to Saudi agreement

US-based oil company Chevron Corp has received a 30-year extension to an agreement that allows it... Read full article »
Saudi Arabia: Thursday, September 11 - 2008 at 14:38

UAE crude oil output remains unchanged

The UAE's crude oil output remained unchanged in August from the previous month, averaging 2.66... Read full article »
United Arab Emirates: Thursday, September 11 - 2008 at 08:08

Opec to curb overproduction

OPEC oil ministers have agreed to curb overproduction by more than 500,000 barrels a day, AP has... Read full article »
Middle East: Wednesday, September 10 - 2008 at 07:11

Shell, Iraq to sign $4bn deal

Royal Dutch Shell is expected to sign a $4bn deal with the Iraqi government next month to capture... Read full article »
Iraq: Tuesday, September 09 - 2008 at 11:01

Oil markets are well supplied, says UAE

The UAE's Minister of Energy said oil markets are well supplied and a recent decline in prices... Read full article »
United Arab Emirates: Tuesday, September 09 - 2008 at 07:13

GCC oil to reach 10m bpd - study

The $300bn investment underway in oil production in the GCC will deliver an estimated 10m barrels... Read full article »
Middle East: Monday, September 08 - 2008 at 09:19

Circle Oil to drill more wells

Circle Oil has raised GBP33m to fund its exploration programmes in Morocco, Tunisia and Egypt.... Read full article »
Middle East: Sunday, September 07 - 2008 at 12:01

Taqa sells S1 plant stake

The Abu Dhabi National Energy Company (Taqa) has sold out its 20% in Shuweihat CMS International... Read full article »
United Arab Emirates: Sunday, September 07 - 2008 at 09:28

Opec may reduce supply

PFC Energy said in a report that a consensus is building within Opec on the need to reduce oil... Read full article »
United Arab Emirates: Saturday, September 06 - 2008 at 09:23

Sumitomo to buy 20% of UAE power project

Japanese trading group Sumitomo Corp has agreed to buy a 20% stake in a water and power project... Read full article »
United Arab Emirates: Thursday, September 04 - 2008 at 14:13
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