"The GCC governments and peoples should realise that the boom period is over. We must all get used to a certain type of lifestyle that does not rely entirely on the state,
U.S. oil rises 2 pct despite oversupply; surplus conditions to keep gains in check.
Oil prices eased on Tuesday, dragged lower by a broad decline across major
Lubricants manufacturer METALUBE continues its global expansion by opening an office in Dubai, creating METALUBE Arabia.
Nick Pomeroy, who has worked in the region for past 10 years,
Iran will increase its share of the global oil market gradually, in order to avoid price volatility, RIA news agency quoted Iran's envoy to Moscow as saying on Monday.
Dan-Bunkering (Middle East) DMCC has announced that Adil Qayyum started as Bunker Trader in the office in Dubai on November 16, 2015.
Qayyum is 28 years old
Companies seek to safeguard growth for when market recovers.
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades,
The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian
Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday.
Speculative activity largely behind price volatility.
Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.
Iran has been discussing possible oil sales to top Russian crude oil producer Rosneft, Kremlin-controlled RIA news agency cited Ali Akbar Velayati, top adviser
The Qatari and Venezuelan energy ministers discussed on Thursday issues related to the world oil market, the Qatari energy ministry said in a statement.
OPEC's Venezuela lobbies for producer meeting to cut output.
Oil slipped below $35 a barrel on Thursday after the previous session's 7 percent jump, pressured
After the recent execution of Shi'ite cleric Nimr al-Nimr by Saudi Arabia, the Middle East once again risks devolving into sectarian chaos. A mob torched the Saudi Embassy in Tehran,
Spanish refiner Cepsa will ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players' information on Wednesday.
From racing boats to steel pipelines, windmill blades to massive hydraulic hammers, Wilhelmsen Ships Service (WSS) says its personnel in the Middle East can move just about anything, anywhere.
State oil giant Saudi Aramco is expected to keep the same number of its oil and gas drilling rigs this year despite weak oil prices, industry sources said.
Iran calls for closer ties with Russia, Iraq and Venezuela on energy issues, RIA news agency quoted Ali Akbar Velayati, a top advisor to Supreme Leader Ayatollah Ali Khamenei, as saying on Wednesday.
OPEC rifts and pact with Russia under scrutiny; secret talks led by Mexico pulled off tricky deal in 1998.
After a year of secret diplomacy and hushed-up private talks around the world,
Oil could fall below $30 if no OPEC-Russia deal - analyst.
Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply,
Maintenance teams are working to repair damage caused by an attack on an oil pipeline south of the Libyan port of Zueitina, a spokesman for the pipeline's guards said on Monday.