Middle East

Oil Down as Output Stokes Glut Fears

North Sea supply seen rising to highest in four months; Saudi and Iranian production also rising. Oil fell on Tuesday as rising output from the Middle East and

Abu Dhabi Ports Reports Q1 Volume Surge

 Abu Dhabi’s RoRo volumes up 31 percent; general and bulk cargo increases 13 percent; container cargo edges up 5 percent   Abu Dhabi Ports, the master developer,

India's April Iran Oil Imports up 49 pct

India's oil imports from Iran rose 48.8 percent in April from a year ago as refiners bought more crude after the lifting of sanctions against the OPEC producer,

U.S. Energy Secretary: Oil supply, Demand Rebalancing in a Year

Recent rise in oil prices unlikely to reverse investment trends. U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year's time.

Oil Prices Retreat on OPEC Output Boost

Climbing OPEC output, Russian exports outweigh weak dollar; falling U.S. production seen as price supportive. Oil prices edged back from 2016 highs on Monday

Great Lakes Inks M.E., N.C. Coastal Protection Project Deals

Great Lakes Announces $55 Million in Subcontract Work in the Middle East and Award of $38 Million for a Domestic Coastal Protection Project Great Lakes Dredge

OPEC Oil Output Near Record High in April as Iran

OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq

Blacklisted Oil Tanker Returning to Libya

An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export

Elcome to Open Coltraco Ultrasonics Service Center in UAE

Elcome International, a marine solutions provider and system integrator in the Middle East, has been appointed by Coltraco Ultrasonics to provide service and technical

UK Navy Warship Escorts Queen Mary II

U.K. Royal Navy warship HMS Defender provided escort duties for transatlantic ocean liner RMS Queen Mary II through the Gulf of Oman. The Type 45 destroyer,

India Instructs Disputed Tanker to Await UN Orders

India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government

Angola to Restructure State oil firm Sonangol

Angola, Africa's second largest oil exporter, will restructure state firm Sonangol, the oil ministry announced on Wednesday, aiming to "increase efficiency and profitability".

Crude Prices Ease after Hitting 2016 Highs

Traders take profits after steep April Brent, WTI rallies; falling U.S. production, weak dollar seen as supports. Oil futures slid after setting a 2016 high

Saudis Will Struggle to Kick Oil Addiction: Kemp

"King Abdulaziz and the men who worked with him for the establishment of the state did not depend on oil and they established the kingdom without oil, and they ran this state without oil,

Saudis, Russians in Teapot Turf War

Russia has so far dominated oil sales to China's teapot refiners. Saudi Arabia's sale of a spot crude cargo to an independent Chinese refiner marks a new phase

Eastern Libya Ships First Oil Cargo in Defiance of Tripoli

A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions

Wintershall to Set up E&P in Abu Dhabi

Mugharraq Port to host Wintershall’s facility, catering to production and exploration sector   Abu Dhabi Ports, the developer, operator and manager of ports and

Saudis, Kuwait Struggle to Restart Khafji Oilfield

Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, industry sources said, despite Kuwait saying the sides had agreed

U.S. Challenged China, 12 Others on navigation Rights in 2015

The U.S. military conducted "freedom of navigation" operations against 13 countries last year, including several to challenge China's claims in the South and East China seas,

Oil Edges Up, but Saudi Output Gains Weigh

BP CEO says oil market is rebalancing. Crude futures edged up on Tuesday due to a weaker dollar and hopes for an easing of the global oil glut, although gains

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