IEA’s decision to dip into its emergency oil stock was settled only three hours before being announced, following the ‘failed OPEC meeting’. Will its intended shockwave really create an impact?
June 29, 2011 11:52
While oil companies remain vigilant, most are not worried about the effects of Arab Spring and are positioning themselves for regime change and inevitable losses, according to a Reuters report.
June 16, 2011 2:15
With a deadlock decision at last week’s OPEC, Saudi’s increasing output, no matter what. That’s got us feeling like there’s more to the GCC’s story of keeping inflation at bay.
June 12, 2011 2:41
Mohammad Ali Khatibi told the Iran newspaper that the three countries that supported an output increase -- Saudi Arabia, Kuwait and the United Arab Emirates -- had done so under U.S. pressure.
June 11, 2011 3:46
It’s bad enough to not have easy access to petrol in an oil-producing country…but why the silent treatment?
June 7, 2011 4:01
Something’s gotta give during this week’s OPEC meeting as GCC favours increased production even as global demand falters. Could this stalemate be causing the absence of petrol in the UAE?
June 7, 2011 3:19
Marsh tribesmen want a share in Iraq's oil wealth; Oil firms moving in, some farmers resisting; Compensating landowners is new obstacle facing companies
May 30, 2011 10:04
Minister says aid should not be linked to politics; Vital oil sector hit hard by conflict; Foreign donors seek change of leadership
May 29, 2011 12:29
Oil/equities tight correlation set to break down; High oil restrains growth, demand, hits company profits; End of quantitative easing to speed delinking of assets
May 26, 2011 1:21
Arab Petroleum Investment Corp looks for opportunities in shipping, tank farms, as well as refining and related infrastructure investments as it hopes to double its direct investment portfolio by 2014.
May 9, 2011 1:48
Roll your eyes at the headline, smirk even. But it’s no laughing matter if you’ve got somewhere to go and no fuel to help take you there and no proper explanation why.
April 20, 2011 12:16
Malaysia's Petronas, Delta Air Lines adopt Brent for hedging; ICE Brent volumes cut NYMEX WTI advantage in past few weeks; Goldman Sachs says switch to Brent is "smart" for investors
April 11, 2011 12:39
Originally planned to launch on March 7, BFX seems finally set to launch in two weeks with the bourse to remaining in Bahrain despite recent unrest.
April 6, 2011 2:46
Central bankers claim no influence on oil prices but history says otherwise. Meanwhile, the Euro hits 14-month high as Libyan rebels call on NATO for more strikes.
April 6, 2011 2:38
Saudi set $75 a barrel "fair price" when economy weak while Bullish Goldman sees marginal output cost as $100 a barrel. Meanwhile, Former Saudi oil minister says oil prices could leap to $200-$300 a barrel if Saudi Arabia is hit by serious political unrest.
April 5, 2011 12:18