Thursday 19 April 2018
 
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Oil

Bahrain oil find will drive private investments: Moody’s

The discovery of hydrocarbon deposits containing at least 80 billion barrels of tight oil and 10-20 trillion cubic feet of deep natural gas in a new offshore field off the west coast of Bahrain – if verified by an international oil conso

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Abu Dhabi, Dubai growth to stay at 3pc: Fisch

Growth in Abu Dhabi and Dubai will remain at a sustained level of approximately3 per cent over the next few years, if oil prices remain stable around current levels, according to Fisch Asset Management, a leader in credit analysis.

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Kuwait oil price down 3 cents to $64.72

The price of Kuwaiti oil went down three cents to reach $64.72 per barrel on Friday after it was at $64.75 per barrel the day before, the Kuwait Petroleum Corporation said on Saturday. According to the

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Non-oil growth drives UAE GDP up 1.5pc

The UAE’s economy expanded by 1.5 per cent in 2017, driven by a 2.9 per cent growth in the non-oil sector, according to the UAE Central Bank annual report released yesterday (March 21).   The non-hydrocarbo

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Non-oil growth drives UAE GDP up 1.5pc

The UAE’s economy expanded by 1.5 per cent in 2017, driven by a 2.9 per cent growth in the non-oil sector, according to the UAE Central Bank annual report released yesterday (March 21).   The non-hydrocarbo

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Fujairah oil product stocks drop

The total oil product stocks in the Port of Fujairah stood at 15.962 million barrels as of Monday, slipping 4.5 percent on the week as stocks of middle distillates fell by more than a quarter, according to latest data from the Fujairah Energy

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Kuwaiti oil price down 28 cents

The price of Kuwaiti crude oil went down 28 cents and settled at $59.81 per barrel, compared to $60.09 per barrel since last Thursday, said Kuwait Petroleum Corporation, KPC, on Saturday. According to

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KOC to start Lower Fars operation in Aug

Kuwait Oil Company (KOC) announced on Thursday that the initial operation of its heavy crude oil development project will commence in the north of the country next August.   KOC will increase the project's pr

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Oil to maintain key role in global energy mix: Aramco CEO

Oil will maintain its key role in the global energy mix for the foreseeable future, despite the increasing growth of renewables, said the President and CEO of Saudi Aramco speaking at a major energy conference in the US city of Houston.

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Oil sector must attract youth to leadership roles: Bahrain minister

Bahrain’s Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa has stressed the urgent need to attract youth to take over the leadership of the oil sector in the future to come.   This requires investment in

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