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Oil prices plunged below $93 on Monday, hitting seven-month lows. Brent North Sea crude for...
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Middle East:
Monday, September 15 - 2008 at 16:05
OPEC members Iran and Ecuador have signed an energy cooperation deal, according to the official...
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Iran:
Monday, September 15 - 2008 at 16:03
Crude oil prices fell to their lowest level in six months as refineries along the Gulf of Mexico...
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Middle East:
Monday, September 15 - 2008 at 09:20
Hurricane Ike, which made landfall along the US Gulf Coast on Saturday, may limit fuel deliveries...
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Middle East:
Sunday, September 14 - 2008 at 09:02
Saudi Arabia has reluctantly agreed to a mild cut in oil output but the world's top exporter said...
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Saudi Arabia:
Saturday, September 13 - 2008 at 10:46
US-based oil company Chevron Corp has received a 30-year extension to an agreement that allows it...
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Saudi Arabia:
Thursday, September 11 - 2008 at 14:38
The UAE's crude oil output remained unchanged in August from the previous month, averaging 2.66...
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United Arab Emirates:
Thursday, September 11 - 2008 at 08:08
OPEC oil ministers have agreed to curb overproduction by more than 500,000 barrels a day, AP has...
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Middle East:
Wednesday, September 10 - 2008 at 07:11
Royal Dutch Shell is expected to sign a $4bn deal with the Iraqi government next month to capture...
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Iraq:
Tuesday, September 09 - 2008 at 11:01
The UAE's Minister of Energy said oil markets are well supplied and a recent decline in prices...
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United Arab Emirates:
Tuesday, September 09 - 2008 at 07:13
The $300bn investment underway in oil production in the GCC will deliver an estimated 10m barrels...
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Middle East:
Monday, September 08 - 2008 at 09:19
Circle Oil has raised GBP33m to fund its exploration programmes in Morocco, Tunisia and Egypt....
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Middle East:
Sunday, September 07 - 2008 at 12:01
The Abu Dhabi National Energy Company (Taqa) has sold out its 20% in Shuweihat CMS International...
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United Arab Emirates:
Sunday, September 07 - 2008 at 09:28
PFC Energy said in a report that a consensus is building within Opec on the need to reduce oil...
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United Arab Emirates:
Saturday, September 06 - 2008 at 09:23
Japanese trading group Sumitomo Corp has agreed to buy a 20% stake in a water and power project...
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United Arab Emirates:
Thursday, September 04 - 2008 at 14:13