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: April 9, 2014
INTERNATIONAL. But despite an expected drop in their current account surpluses, most Gulf Cooperation Council economies continue to have "substantial buffers" to cope with short-lived price shocks, the IMF said in its World Economic Outlook
Posted: April 8, 2014
INTERNATIONAL. A whirlwind first quarter for commodities is unlikely to be repeated in Q2 as a perfect cocktail of ingredients will inevitably fade; Gold has been one of the big surprises so far this year as it first found support from strong physical demand and then from geopolitical factors.
Posted: April 8, 2014
KUWAIT. "There are geopolitical factors impacting oil prices... which are not only controlled by output levels and production capacity but also by political changes," Kuwaiti Oil Minister Ali al-Omair said.
Posted: April 8, 2014
UAE. S&P forecasts Dubai Electricity and Water Authority's cash flow credit metrics will continue strengthening, thanks to strong demand growth and debt reduction.
Posted: April 7, 2014
INTERNATIONAL. The World Food Price Index from the UN FAO, which tracks the price developments in 55 food items, rose by 2.3%to the highest level since last May.
Posted: April 4, 2014
LIBYA. The prospects for a recovery in oil exports moved closer after rebels said they agreed in principle with the government to allow a resumption.
Posted: April 3, 2014
UAE. Quest for improved efficiency set to drive IT spending by 12.6%; Industry in the middle of a major transformation, driven by liberalization within the region's energy markets.
Posted: April 2, 2014
INTERNATIONAL. Delegates consider capability of current assets to adopt digital technology to fulfill future aspirations for digital oil fields, in BP poll at SPE Intelligent Energy International.
Posted: April 2, 2014
INTERNATIONAL. The greatest threat to Qatar's enormous wealth is competition as other nations are challenging its LNG dominance; Qatar faces diminished market share and the possibility of lower prices just as the country embarks on US$200 billion of infrastructure spending.
Posted: April 1, 2014
IRAQ. Contract with Eni Iraq B.V., valued at close to 400 million euros, to build the 740 MW Zubair gas-fired power plant, near Basra in southern Iraq.
Posted: April 1, 2014
UAE. Over the last five years, the region's plastic production capacity has almost doubled, rising from 12.7 million tons in 2008, to 24.7 million tons in 2013.
Posted: March 28, 2014
UAE. Oil and gas industry must collaborate if it is to solve skills shortage, according to latest Workforce Survey.
Posted: March 27, 2014
INTERNATIONAL. U.S. crude reaches a three-week high; Obama: "isolation will deepen" if Moscow continues course; Iran May exports above agreed level.
Posted: March 27, 2014
UAE. Companies are eager to find out what the temporary relaxation, and the future expected lifting of sanctions, means for accessing the Iranian market.
Posted: March 26, 2014
UAE. Discussions to be held at Iran Oil & Gas 2014 Summit, taking place in Dubai on 23-25 June; Platform to gauge the latest developments and new business opportunities during this pivotal time for Iran's oil and gas industry.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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