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: April 1, 2016
QATAR. Qatar's hydrocarbon dependence is a key rating weakness, with oil and gas extraction averaging more than 50% of GDP over the past five years and hydrocarbon-backed government spending accounting for a further 30% of GDP.
Posted: March 24, 2016
INTERNATIONAL. The high levels of volatility that rattled financial markets may have worn off with stock markets displaying signs of exhaustion as risk aversion diminishes the attraction of riskier assets.
Posted: March 23, 2016
INTERNATIONAL. Brussels attacks renew a wave of risk aversion that encouraged anxious investors to flee from riskier assets; events weighed heavily on airline stocks.
Posted: March 17, 2016
INTERNATIONAL. Ongoing fears around diminishing global growth, mixed with explosive volatility in markets have dragged the Fed back down to reality with the four projected interest rate rises slashed to two.
Posted: March 15, 2016
UAE. Current is a first-of-its kind energy company that integrates GE's LED, Solar, Energy Storage and Electric Vehicle businesses; Peter Lau appointed as Current's CEO for Europe and the Middle East.
Posted: March 15, 2016
QATAR. The challenge of low oil prices can be transformed into a real opportunity for GCC countries to expedite the transformational process from oil-based economies to manufacturing economies.
Posted: March 14, 2016
UAE. Emirates NBD CIO maintains positive view of Eurozone equities, warming to emerging markets; Dollar should reassert upward momentum; Oil price - still some challenges.
Posted: March 7, 2016
UAE. UAE key "hub" for Inmarsat business throughout Middle East and Africa.
Posted: March 7, 2016
UAE. We are now looking at the potential for a bullish reversal in the price of WTI Oil, and the move above US$35 late in trading last week has opened up the gates for further moves higher for the commodity.
Posted: March 5, 2016
QATAR. S&P expects Qatar's fiscal deficits will be financed through debt only; The huge infrastructure investment program will support growth over 2016-2019; External position to shift to a deficit from 2016, however, the large net asset position is expected to be maintained.
Posted: March 3, 2016
UAE. "I do think there is potential for a bullish reversal if you look at the price charts for WTI from a technical standpoint, and traders need to be carefully monitoring the price of WTI at US$35".
Posted: March 2, 2016
INTERNATIONAL. Domestic companies look for investment/technology/manufacturing process enhancement partners as key drivers of transformational growth in the region.
Posted: March 1, 2016
UAE. If WTI manages to close trading above $35, this opens the gates for further moves higher on the charts and this would be a welcome boost to exporters of the commodity.
Posted: March 1, 2016
INTERNATIONAL. Bloomberg Commodity Index heads higher for the first time in four weeks; Energy sector posts solid gains despite weak natural gas prices.
Posted: February 29, 2016
UAE. ENOC continues to develop programmes aimed at human capital development


date:Posted: May 5, 2016
UAE. There are more negative than positive factors likely to impact oil prices in the short term. With current oil net-long speculative positions at an elevated level, a slight change in traders' outlook would lead to a significant selloff.
date:Posted: May 4, 2016
INTERNATIONAL. The climate has rarely been so favourable to a resolution of the conflict. The chaos that is sweeping the Middle East has been a game-changer in relation to Israel and the Arab countries.
date:Posted: May 4, 2016
SAUDI ARABIA. The manager/directors of any company that is incorporated in Saudi Arabia should start to consider what changes may need to be made to the company's articles of association or bylaws.
UAE. There are more negative than positive factors likely to impact oil prices in the short term. With current oil net-long speculative positions at an elevated level, a slight change in traders' outlook would lead to a significant selloff.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."