A previous attempt to freeze output at January levels to support prices collapsed in April
Dubai plans to generate 7% of its energy from clean goal by 2030
Alexander Novak said the door is still open for further consultations on a production freeze
Up to 10 per cent of new vehicles will be electric and hybrid cars
Agency says dimmer “macroeconomic outlook” will impact demand
The pipeline would be financed on a 50-50 basis by Oman and Iran
Revenues from oil and gas fell by 34.6 per cent to Dhs1.04bn
Officials said specialised teams were dealing with the spill
The floating import vessel follows delays to plans for an onshore facility in Fujairah, according to reports
Combined net profits of Saudi’s 14 listed petrochemical firms fell by a fifth from a year earlier
The fire has not disrupted operations at the plant, said officials
Brent oil futures have risen 0.6 per cent on Thursday morning to $43.34 per barrel
Supply from OPEC rose to 33.41 million barrels per day in July
Prices increased the previous four months
The $2bn-plus scheme will remove sulphur from refined oil products
Ibrahim al-Buainain replaces Yasser Mufti, who was named executive director of new business development in June
The zero-fuel plane landed in Abu Dhabi on Tuesday morning, more than a year after setting off from the UAE capital
The project will be on the United States’ Gulf Coast, possibly in Texas or Louisiana
New agreement will see KHNP staff stationed at Barakah until 2030
The solar-powered plane will return to its starting point, Abu Dhabi, later this week
China imported 4.569 million tonnes of crude from the kingdom in June
The plan for Fadhili includes a 1,500-megawatt power plant
Dave Tredinnick explains how oil firms are using automation to improve profitability and details Emerson’s expansion plans
Khalid al-Falih told German newspaper Handelsblatt that an oil price higher than $50 is needed to achieve balance
Oil prices slumped to their lowest in over a decade at $27 a barrel earlier this year
Saudi Arabia is expected to list 5 per cent of the state-owned oil giant by the end of 2018
The $2.1bn complex will serve Saudi Aramco’s Jazan refinery and terminal
Any privatisation plans in Kuwait will not include its oil production facilities
The plan will enable Gulf and foreign investors to bid for part of the offered shares
The fire broke out at the complex in the city of Bandar Mahshahr on Wednesday but caused no fatalities