2008
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Retailers may cut diesel prices in Dubai
Dubai oil retailers may again cut the price of diesel at the pumps following a steep decline in... Read full article »
Oil drops below $93
Oil prices plunged below $93 on Monday, hitting seven-month lows. Brent North Sea crude for... Read full article »
Iran, Ecuador sign deal
OPEC members Iran and Ecuador have signed an energy cooperation deal, according to the official... Read full article »
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 »
Storm curbs US refining capacity
Hurricane Ike, which made landfall along the US Gulf Coast on Saturday, may limit fuel deliveries... Read full article »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Circle Oil to drill more wells
Circle Oil has raised GBP33m to fund its exploration programmes in Morocco, Tunisia and Egypt.... Read full article »
Taqa sells S1 plant stake
The Abu Dhabi National Energy Company (Taqa) has sold out its 20% in Shuweihat CMS International... Read full article »
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 »
