Saturday 3 December 2016
 
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Oil

Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since l

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Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since l

More…

Jafza sees 15pc growth in petchem, oil firms

Jebel Ali Free Zone (Jafza), the UAE’s flagship trade and logistics hub, has seen a 15 per cent growth in the number of petrochemicals, oil and gas companies registered in the free zone. The announcement was made at a forum

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Jafza sees 15pc growth in petchem, oil firms

Jebel Ali Free Zone (Jafza), the UAE’s flagship trade and logistics hub, has seen a 15 per cent growth in the number of petrochemicals, oil and gas companies registered in the free zone. The announcement was made at a forum

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Oil prices down on strong dollar

Oil prices fell on Friday, under pressure from a strong dollar, but activity was low after the US Thanksgiving holiday and with many traders reluctant to take big new positions ahead of a planned Opec-led crude output cut to be decided next week

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Caltex launches premium diesel engine oil at Big 5

Caltex is showcasing its latest premium diesel engine oil specially designed to meet the GCC and Middle East market requirements, during its participation at the ongoing Big 5 exhibition in Dubai, UAE.    The event which

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Caltex launches premium diesel engine oil at Big 5

Caltex is showcasing its latest premium diesel engine oil specially designed to meet the GCC and Middle East market requirements, during its participation at the ongoing Big 5 exhibition in Dubai, UAE.    The event which

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Oil price slips further, markets focus on supply overhang

Friday morning saw oil prices fall, as markets turned their focus to a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output, said a report. Internatio

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Workplace diversity 'basic to energy sector progress'

The success and long-term sustainability of the petroleum industry will largely depend upon its ability to embrace workplace diversity, industry leaders said during Adipec’s ‘Women in Energy’ conference. And with

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Now is the time to invest says UAE energy minister

Oil companies that invest during the current downturn in oil prices stand to profit the most when supply and demand comes back into balance, according to the UAE’s Energy Minister Suhail Mohamed Faraj Al Mazrouei. Speaking o

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