The Kingdom reportedly reduced oil output by 300,000 barrels per day from June.
The petrochemicals firm posted a net profit of QR2.14 billion in the second quarter of the year.
The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.
Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.
Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.
Oil fell on worries that Spain may be forced to seek a lifeline from international lenders.
False hope and economic turbulence are threatening the reliability of the GCC’s oil income.
The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
The country’s first nuclear plant receives approval from the UAE’s environmental regulator.
The Abu Dhabi-based oil explorer has secured financing to expand in the African country.
Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.
New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Key concerns about the European debt crisis offset worries about tighter North Sea supplies.
Qatar’s government is hoping that its nascent non-oil sector will keep the economic engine running.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.
The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.
The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.
The UAE energy firm has announced a new chairman as it looks to repay a $920 million sukuk.
The African country has invited the UAE to invest in industries relating to oil and gas exploration.