Monday 25 May 2015
 
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oil market

SES, ITC Global offer satellite network for oil market

Global satellite operator SES and ITC Global, a leading provider of satellite communications to remote and harsh environments, have signed a strategic agreement to connect oil and gas operations around the world. As part of the al

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SES, ITC Global offer satellite network for oil market

Global satellite operator SES and ITC Global, a leading provider of satellite communications to remote and harsh environments, have signed a strategic agreement to connect oil and gas operations around the world. As part of the al

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Dubai to buck oil market cycle with new year of expansion

With the start of the new year, Dubai, UAE is experiencing a major positive cycle thanks to the government's plans to increase spending by nine per cent mainly in the non-oil sector, said a report. The government's announc

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Dubai to buck oil market cycle with new year of expansion

With the start of the new year, Dubai, UAE is experiencing a major positive cycle thanks to the government's plans to increase spending by nine per cent mainly in the non-oil sector, said a report. The government's announc

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Oil market experiencing temporary correction, says Qatar

The oil market is experiencing a "temporary correction" and fundamentals should dictate a fair price for oil, Qatar's oil minister Mohammed al-Sada said in a speech on Sunday. "We believe in the role of market f

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Russia says Saudi Arabia willing to cooperate on oil markets

Russia's Foreign Ministry said that Russia and Saudi Arabia had expressed "a willingness to cooperate on issues related to energy and oil markets".   The foreign ministry made the comments in a stat

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As oil prices tank, new era of abundance seen dawning

As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance. Oil prices have fallen as much as 20 percent since June, despite

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Oil market ‘long term fundamentals robust’

Long term oil market fundamentals are robust and short-term price moves have little meaning for Saudi Arabia, the kingdom's deputy oil minister, Prince Abdulaziz Bin Salman Bin Abdulaziz, was quoted as saying by the Saudi Press Agency.

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Kurds losing access to US oil market

US refiners will refrain from buying more Kurdish crude oil until a long-running dispute between Baghdad and Iraqi Kurdistan is settled, while Washington urges both sides to set aside their differences. The two known U.S. buyers o

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World oil markets can deal with Iraq situation, says US

US Treasury Secretary Jack Lew said on Tuesday there was ample oil production capacity to offset any supply disruptions that may occur due to the violence in Iraq. "I believe that world energy markets will be able to deal wit

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