Friday 24 February 2017
 
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Oil

$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending

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$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending

More…

$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending

More…

Iran set for fresh oil, gas fields tenders

Iran will hold fresh contracts to develop oil and natural gas fields in February, a top official said. "The plan was to hold the first tender at the end of January, but it will be held with 15 days of delay on February 15,&qu

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Masirah Oil gets new funding from Rex Oman

Rex Oman, a unit of Singapore-based Rex International Holdings, has injected $8 million into Masirah Oil Limited (MOL), the operator and 100 per cent owner of Block 50 offshore Oman’s east coast. The funding follows a subscr

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Oil surges as Opec members stick to output pledge

Oil futures edged higher on Wednesday, rebounding from the prior day’s sharp selloff on signs that major oil producers are sticking to their pledge to cut output. February West Texas Intermediate crude CLG7  rose 14 cen

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Crude oil falls 2pc from 18-month high

Oil prices dropped more than 2 percent on Wednesday from the 18-month highs hit on Tuesday as the US  dollar strengthened. Brent futures fell $1.35, or 2.4 percent, to settle at $55.47 a barrel, while US West Texas Intermedia

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Crude oil falls 2pc from 18-month high

Oil prices dropped more than 2 per cent on Wednesday from the 18-month highs hit on Tuesday as the US  dollar strengthened. Brent futures fell $1.35, or 2.4 percent, to settle at $55.47 a barrel, while US West Texas Intermedi

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Oil hits 18-month high at $58.37

Oil prices hit 18-month highs on the first full trading day of the new year as reports suggested Opec member states have begun to reduce production. Brent crude rose more than 2 percent to $58.37, up $1.55 a barrel and its highest

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Oil set for biggest price hike in eight years

Oil prices were on track last night for their biggest annual percentage gain in seven years after commodities rebounded during 2016. Crude has been boosted by an agreement last month brokered by  per cent and Russia to cut ou

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