Register for our free newsletter

Latest News

  • 200-IEA

    IEA: Iran outage, high price don’t justify oil release

    IEA head says market has adjusted to lower Iran output; Says price alone does not justify oil release; Risks rift with U.S. over emergency release policy; U.S. does not wants rising oil price to offset Iran sanctions

    August 28, 2012 6:42
  • UAE-says-sanctions-hurting-trade-with-Iran

    UAE to boost oil production capacity to 3 million barrels per day in 2012

    The United Arab Emirates (UAE) is on track to expand its crude oil production capacity to 3 million barrels per day (bpd) by the end of the year, two industry sources said on Tuesday.

    August 28, 2012 6:41
  • No offers on oil block 11 in Iraq energy bids-government

    Enoc, Aldrees team up for Saudi fuel forecourts

    Emirates National Oil Co (Enoc) has teamed up with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom, the companies said on Tuesday, in a deal the Dubai-government owned retailer hopes can recover some of its losses at home.

    August 28, 2012 6:40
  • Iran buys Wheat supply

    Saudi Arabia’s grain storage capacity to rise 27 percent in 3 yrs

    Saudi Arabia plans to raise the storage capacity of its grain silos by 27 percent over the next three years from the current 2.52 million tonnes, the director general of the state-run Grain Silos and Flour Mills Organisation (GSFMO) said on Monday.

    August 28, 2012 9:59