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 21, 2015
SAUDI ARABIA. "There was information about a possible act targeting a mall or Aramco installations. We passed this information to the security forces to be on alert," Interior Ministry spokesman Mansour Turki said.
Posted: April 19, 2015
INTERNATIONAL. The EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output.
Posted: April 17, 2015
INTERNATIONAL. Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut.
Posted: April 16, 2015
UAE. In era of lower prices but rising demand, technology helps optimize efficiency, increase profitability, and guard against price volatility.
Posted: April 16, 2015
INTERNATIONAL. Up 800,000 b/d from February to highest level since November 2012; Saudi Arabia boosted production by 280,000 b/d to 10 million b/d.
Posted: April 14, 2015
UAE. The UAE currently produces around three million barrels of oil per day, and that figure, say industry sources, is not likely to be scaled back any time soon.
Posted: April 13, 2015
UAE. Global consultancy supports Middle East energy clients to navigate the low oil price scenario.
Posted: April 13, 2015
UAE. S&P credit analyst Karim Nassif points out that if prices remain in the US$50 per barrel range for a sustained period or fall further, then the "outlook may prove problematic."
Posted: April 13, 2015
SAUDI ARABIA. Saudi Arabia registers the highest long term growth in employment among all other GCC countries, according to data compiled by Monster Employment Index KSA.
Posted: April 11, 2015
INTERNATIONAL. With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker?
Posted: April 10, 2015
EGYPT. Resurgent Egyptian economy provides new investment opportunities.
Posted: April 10, 2015
UAE. Trend Micro, OAS survey includes feedback from government agencies and security professionals representing critical industries including communications, finance, manufacturing, energy and security.
Posted: April 8, 2015
INTERNATIONAL. Qatari volumes dropped 2.1% from a year earlier in 2014 after at least eight years of gains, the International Group of Liquefied Natural Gas Importers said in its annual report.
Posted: April 8, 2015
SAUDI ARABIA. The kingdom, which led OPEC in refusing to cut output, produced 10.3 million barrels a day last month and will keep pumping for now at around 10 million, oil minister Ali al-Naimi said at a conference in Riyadh.
Posted: April 6, 2015
INTERNATIONAL. Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region; Brent crude for May delivery touched a high of US$56.19 a barrel.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 22, 2015
INTERNATIONAL. The minutes basically unofficially confirmed that there are only the slimmest of chances for a US interest rate increase next month.
date:Posted: May 21, 2015
UAE. New study conducted by YouGov and commissioned by the social enterprise C3 reveals the impact of CSR programs on UAE residents; Around three-quarters of residents are more likely to purchase from companies that actively contribute to the community.
date:Posted: May 20, 2015
UAE. According to a new report by The Boston Consulting Group, 33% of consumers would rather accept a 20% reduction in salary than give up their mobile phone; SME mobile leaders in emerging markets are leapfrogging older generations of technology still widely used in developed markets.
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