Dubai June crude average drops to $94.44 a barrel
Dubai crude oil quoted by price-reporting agency Platts averaged $94.44 a barrel for June, down $12.87 from May, traders said on Monday.
July 2, 2012 10:11-
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Abu Dhabi keeps August term crude sales steady to Asia
Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in August, steady with July, industry sources said on Monday.
July 2, 2012 10:10 -
Qatar to issue up to $4 billion in sukuk
Qatar plans to issue up to $4 billion in Islamic bonds, or sukuk, through two companies that the Gulf state will set up through a decree issued by the Crown Prince, local daily Al Watan newspaper said on Monday.
July 2, 2012 10:09
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Iran vows to confront “malicious” embargo
Sanctions take effect on Sunday; Central Bank says has $150 billion foreign reserves; Hague says sanctions toughest measures against Iran
July 1, 2012 5:21 -
Iran urges emergency OPEC meet as price drops
Iranian Oil Minister Rostam Qasemi urged OPEC's secretary general to call for an extraordinary meeting amid falling oil prices, Iranian Oil Ministry's website SHANA said on Saturday.
July 1, 2012 10:06 -
Saudi’s Bahri gains 9 percent after merger announcement
Shares at Saudi National Shipping Co (Bahri) rose 9 percent on Saturday after it signed an agreement with Saudi Aramco to buy its Vela marine unit for $1.3 billion in cash shares.
July 1, 2012 10:04
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Egypt’s first Islamist President sworn in
Mursi's vow to people pre-empts formal oath-taking; Constitutional court to swear him in before army handover;
June 30, 2012 6:59 -
Saudi readies oil line to counter Iran Hormuz threat
Saudi converts old Iraq pipeline to carry crude to Red Sea; IPSA gives Riyadh capacity to move extra 1.65 mbpd west; Iran nuclear stand-off could see Tehran try to block Gulf
June 28, 2012 4:52 -
UAE, Qatar extend drop as euro zone woes weigh
UAE and Qatar markets end lower as investors cut risk, tracking declines on European bourses after divisions among European leaders dashed any hopes of concrete measures to tackle the region's debt crisis.
June 28, 2012 4:52
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Emirates $587.5 million aircraft lease deal price talk issued
Doric Nimrod Air Finance Alpha, the aircraft leasing firm planning to issue bonds to help finance the sale of four Airbus A380 planes for Emirates airline , released initial price thoughts for the deal on Thursday.
June 28, 2012 4:51 -
Iran’s top Asian oil buyers cut imports 18 percent
Daily imports fall 18 percent to 257,718 bpd; U.S. sanctions start on Thursday; EU ban starts on Sunday, proving effective
June 28, 2012 4:49 -
Oman represents Iran’s UK interests
Oman has begun looking after Iranian affairs in Britain, a foreign ministry official said on Thursday, as part of what Tehran said was a diplomatic deal following the closure of both countries' embassies last year.
June 28, 2012 4:48
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Dubai sets September crude price at parity to DME Oman
Dubai has set its official differential to Oman futures for September at parity, down from a premium of 10 cents a barrel from the previous month, the Dubai Department of Petroleum Affairs said on Thursday.
June 28, 2012 4:46 -
Obama, UAE Prince talk Iran, Syria, oil-white house
They agreed there was an urgent need to stop the bloodshed in Syria and for political transition there, and also said Iran should meet its international obligations related to its nuclear program, according to a statement issued after their meeting.
June 28, 2012 11:45 -
Saudi Aramco to sell Vela marine for $1.3 billion to Saudi Bahri
The merger of the fleets would make Bahri the world's fourth largest owner of very large crude carriers, or VLCCs, and it would become the exclusive provider of VLCC crude oil shipping services to Saudi Aramco, under a long-term agreement.
June 28, 2012 11:20
