Monday 22 January 2018
 
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Oil

Record conformity for oil output deal

Opec and participating non-Opec countries have achieved a record conformity level of 129 per cent with their voluntary production adjustments, announced the Opec/Non-Opec Joint Ministerial Monitoring Committee (JMMC) following its seventh meet

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Chevron Shipping awards oil, LNG contract to GAC

US-based Chevron Shipping Company (CSC) has further cemented its long-standing relationship with the Dubai-based GAC Group, a leading provider of shipping, logistics and marine services, by awarding it a global three-year ship agency contract fo

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Chevron Shipping awards oil, LNG contract to GAC

US-based Chevron Shipping Company (CSC) has further cemented its long-standing relationship with the Dubai-based GAC Group, a leading provider of shipping, logistics and marine services, by awarding it a global three-year ship agency contract fo

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Oil hits $70 for first time in 3 years despite bearish pressures

Oil’s rise to $70 a barrel for the first time in three years had clear triggers as supplies tighten and demand climbs, yet it still surprised many traders because there were so many reasons for prices to falter, said experts at Bloombe

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Brent falls after hitting $70 for first time in 3 years

Brent crude oil prices on Friday fell from the high of $70 per barrel reached on Thursday for the first time since December 2014.   Brent crude futures were at $69.11 a barrel, down 15 cents, or 0.2 percent, from

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Bahrain's Noga in Dubai energy council talks

A high-level delegation from Bahrain's National Oil and Gas Authority held discussions with Dubai Supreme Council of Energy (DSC) to boost co-operation with the entity and discuss best practices in the energy sector. The meeti

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Ras Al Khaimah opens first oil, gas licencing round

UAE-based RAK Gas has launched the first round of its oil and gas licencing in both London (UK) and the northern emirate of Ras Al Khaimah, said a report. The energy licencing round opened yesterday (January 1) in London and Ras A

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Ras Al Khaimah opens first oil, gas licencing round

UAE-based RAK Gas has launched the first round of its oil and gas licencing in both London (UK) and the northern emirate of Ras Al Khaimah, said a report. The energy licencing round opened yesterday (January 1) in London and Ras A

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Oil revival sets stage for Opec-shale clash in 2018

Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between Opec (Organization of Petroleum Exporting Countries) and

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ABB, Arkad to set up Saudi oil and gas EPC venture

ABB, a pioneering technology leader, said its industrial automation division has joined hands with Saudi-based Arkad Engineering and Construction to set up an oil and gas EPC (engineering, procurement and construction) venture. As

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