Oil Gas & Utilities

Posted: 10-08-2011
INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya. Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report. “Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.
Posted: November 24, 2014
INTERNATIONAL. An underlying growth in global supply capacity, which is significantly outstripping demand, may mean that the world has now passed the peak price for oil, a new report commissioned by Gaffney, Cline and Associates (GCA) suggests.
Posted: November 24, 2014
INTERNATIONAL. Iran and six world powers looked set to miss Monday's deadline for resolving a 12-year stand-off over Tehran's nuclear ambitions and are already looking at a possible extension of the negotiations.
Posted: November 22, 2014
INTERNATIONAL. IAEA chief Yukiya Amano said he was still unable to provide "credible assurance" Iran had no undeclared nuclear material and activities.
Posted: November 20, 2014
QATAR. "We've been created to avoid the volatility in oil price," Ahmed Al-Sayed, CEO of the Qatar Investment Authority, said. "We are already adjusted and ready for such a scenario."
Posted: November 20, 2014
UAE. The Dubai utility issued a tender for the second phase of the Mohammed bin Rashid Al Maktoum Solar Park, a 100MW photovoltaic plant that will be developed and operated by a qualified Independent Power Producer (IPP).
Posted: November 20, 2014
INTERNATIONAL. There is a high degree of uncertainty over how the Iranian negotiations and the OPEC meeting will play out, but the end of November will be hugely important for energy markets.
Posted: November 19, 2014
INTERNATIONAL. Market debates if Saudis will no longer defend oil prices; Private briefings, long Naimi silence puzzle OPEC experts; Conspiracy theories abound about what Riyadh is up to.
Posted: November 18, 2014
IRAQ. If confirmed, the recovery of the facility could provide critical momentum for government forces charged with restoring stability in a country facing a security crisis.
Posted: November 18, 2014
UAE. International District Energy Association (IDEA) says the scale of district cooling in Dubai provides valuable best practice insights to help accelerate the pace of industry growth.
Posted: November 18, 2014
SAUDI ARABIA. Saudi Arabia will see 1.2 million barrels per day of new refining capacity come online by 2020; New export-orientated Saudi refineries will be competing in a very tight international market.
Posted: November 18, 2014
INTERNATIONAL. A "large" production cut by OPEC to prop up crude prices isn't in the group's interest because it's likely to bolster an expansion of U.S. shale oil, according to Goldman Sachs; "A large cut would be difficult to implement," given the financing needs of some OPEC members.
Posted: November 18, 2014
UAE. Metito announces a strategic partnership with TPTec, a clean-tech start-up company focusing on developing new, clean and efficient technologies for multiple applications in the water sector.
Posted: November 16, 2014
INTERNATIONAL. Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.
Posted: November 14, 2014
QATAR. 6th Annual Middle East District Cooling Summit in concludes in Qatar with a number of recommendations.


date:Posted: November 26, 2014
UAE. "In the final months of 2014, we expect further increases in occupancy rates, with the pleasant weather attracting more tourists, alongside the seasonal increase in events and conferences."
date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.