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 3, 2014
MOROCCO. Casablanca is the 6th city in averda's expansion on the continent; The company is well placed to provide African countries with innovative waste management solutions.
Posted: October 1, 2014
SAUDI ARABIA. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.
Posted: September 29, 2014
UAE. Strategic approach to addressing this demand a focus of leading regional conference; With groundwater supplies almost exhausted in some countries, there is an urgent need for new water supply projects to come online.
Posted: September 29, 2014
INTERNATIONAL. Stock market weakness, falling bond yields and the strong dollar, were some of the overall drivers, with geopolitical worries holding steady on the horizon.
Posted: September 28, 2014
KUWAIT. August oil production was 2.89mln bpd; Tenders to build Kuwait's Al Zour refinery have been extended after delays and political opposition.
Posted: September 25, 2014
KUWAIT. Surplus is 1.6% higher than previous year; Total received revenues in the fiscal year 2013/2014 amounted to KWD31.8bln; KFH Research continues to forecast a surplus of 17.9% in FY2014/15.
Posted: September 25, 2014
SAUDI ARABIA. A sector with strong growth potential that is underpinned by Saudi Arabia's global leadership position in the petrochemical production field.
Posted: September 25, 2014
UAE. "DEWA has always been advanced in its strategic direction around energy consumption and it makes complete sense," says Eversheds' Michelle Davies.
Posted: September 25, 2014
INTERNATIONAL. Saudi Arabia and the UAE joined in the strikes by piloted and drone aircraft targeting facilities around al Mayadin, al Hasakah, and Abu Kamal, the U.S. military said.
Posted: September 24, 2014
UAE. Dr Seyed Mohammad Hossein Adeli, Secretary General of the Gas Exporting Countries Forum (GECF) addresses Fourth Gulf Energy Markets Forum held for the first time in Fujairah.
Posted: September 24, 2014
UAE. Companies can increase refinery productivity by as much as 30% and see a direct positive impact on the bottom line, according to an ARCADIS report.
Posted: September 21, 2014
INTERNATIONAL. Against the backdrop of a rising dollar, uneven developments in global economic growth and interest rates commodities suffered broad-based selling across most sectors.
Posted: September 18, 2014
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
Posted: September 15, 2014
INTERNATIONAL. The adverse impact on commodities from a rising dollar has added another negative dimension; Brent crude traded down to a two-year low before finding support at US$96.75.
Posted: September 15, 2014
UAE. The energy industry presents unique attributes that make it more vulnerable than others to cyber attack; Preventive security measures imperative to protect critical infrastructure.

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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