Oil Gas & Utilities

FEATURED REPORT...
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: October 23, 2014
UAE. Quota practice sparks passionate discussion; HE Sheikha Lubna Bint Khalid Al Qasimi confirmed as patron of "Women in Industry" finale at ADIPEC 2014.
Posted: October 22, 2014
UAE. Held each year in Dubai, the awards recognize the important contribution of CFOs in delivering results and achieving success for their organizations
Posted: October 22, 2014
UAE. Located in the Dhofar Governorate of the Sultanate of Oman, the US$125 million, 50-megawatt project will generate enough clean energy to power 16,000 homes.
Posted: October 20, 2014
UAE. Up 400,000 barrels per day from August and the highest level since December 2013, led by Libyan output recovery; Higher volumes from Iraq also drove the increase; "It's numbers like this that are contributing to the enormous slide in oil prices."
Posted: October 20, 2014
INTERNATIONAL. Commodities reached a new five-year low last week as weakness in energy and industrial metals offset gains in precious metals and agriculture.
Posted: October 11, 2014
INTERNATIONAL. U.S. crude falling to a two-year low; "The dual combination of economic fear and ample supplies continue to pressure oil. The market just cannot find a bottom."
Posted: October 10, 2014
INTERNATIONAL. Oil in capitulation with Brent crude hitting four-year low; Agriculture recovering; Precious metals boosted by falling dollar and stock market wobble.
Posted: October 10, 2014
INTERNATIONAL. The decrease came a week after Saudi Arabia, the world's largest oil exporter, reduced the price of Arab Light crude for Asia to the lowest since December 2008.
Posted: October 9, 2014
INTERNATIONAL. Brent is below the US$95-to-US$110 range endorsed by Saudi Oil Minister Ali Al-Naimi, ensuring the country will curb output, analysts said.
Posted: October 9, 2014
UAE. Deloitte mergers and acquisitions specialists delivers their insights on what is driving activity in the oil and gas industry; Middle East unrest keeps oil and gas commodity prices relatively high for the first half of the year.
Posted: October 8, 2014
UAE. When finished Mirfa IWPP will have a total power capacity of 1,600 MW and a seawater desalination capacity of 52.5 MIGD (238,665 m3/day).
Posted: October 8, 2014
UAE. The stability and sustainability of the region's power and water supply will be the focus at leading conferences and exhibitions.
Posted: October 8, 2014
INTERNATIONAL. As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance.
Posted: October 6, 2014
INTERNATIONAL. The adversity created by the current rise in the dollar looks set to be theme that will stay with us for the foreseeable future as analysts expect the greenback's ascent to continue.
Posted: October 3, 2014
INTERNATIONAL. Sharp cuts in Saudi Arabia's oil sale price to Asian customers came as the clearest sign yet that the world's largest exporter is trying to compete for crude market share.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 25, 2014
QATAR. Real GDP growth slowed to 7.3% in Q3 2014; However, the days of voracious Chinese demand driving up global commodity prices are probably over.
date:Posted: October 25, 2014
UAE. "When the system collapses, it is not the end of the world. It simply means that the major trading and financial powers in the world come together in a conference to write new rules of the game." ICA Conference in Dubai to address lessons from global economic crisis.
date:Posted: October 23, 2014
UAE. Deflationary reading of data endangers risky assets; Global cues drive GCC markets; Growth scare unsettles investors; Extreme bearishness on oil may be overdone.
UAE. "When the system collapses, it is not the end of the world. It simply means that the major trading and financial powers in the world come together in a conference to write new rules of the game." ICA Conference in Dubai to address lessons from global economic crisis.
INTERNATIONAL. Bitcoin has followed a volatile path to growing acceptance since its creation in 2009; In this interview finance expert Arturo Bris analyses the risks associated with bitcoin.
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