Petrol prices have been raised by over 4 per cent while diesel rates are up 10.6 per cent
Supply disruptions and increasing US demand have been cited for the increase
Kuwaiti oil and gas workers went on strike for three days in April
A meeting of the OPEC exporters’ group, including Iran, is scheduled for June 2
Media reports had hinted at the possibility of the two companies merging their petrochemicals businesses
Many companies in the Gulf are trying to cut costs as low oil prices slow economic growth
The 3,319 MW Ibri Sohar-3 power generation scheme is expected to generate 30 per cent of Oman’s electricity
The firm has appointed new chief executives for six of its 18 operating units
Crude prices are struggling to rise despite signs of demand growth, says Reuters columnist John Kemp
An earlier plan to agree on measures to stabilise soaring oil production failed during talks in Doha in April
Nuclear-related sanctions had kept Iranian tankers from European waters for five years
Saudi Arabia is expected to sell up to 5 per cent of Aramco via an IPO
Bijan Namdar Zanganeh’s comments were carried by state-run Tasnim News Agency
Iranian Oil Terminals Company managing director Pirouz Mousavi confirmed the move on Friday, according to report
DEWA said there were five bidders interested in the solar park’s third phase
Maersk Oil has been operating the Al Shaheen field since 1992
Dana’s first-quarter revenue was $82m, down from $115m
Reports had suggested that TAQA was mulling the sale of overseas assets
EmiratesLNG LLC planned to use the facility to import 9 million tonnes of gas a year
At stake, fundamentally, is whether the Organisation of the Petroleum Exporting Countries puts its traditional role of fixing supply to prop up prices
Loss-making TAQA has been scaling back investments overseas and cutting costs to cope with the slump in crude oil prices
Oil prices hit 2016 highs on Friday with Brent crude reaching $48.50 a barrel
In its first phase, the storage facility will have a capacity of between 6 million and 10 million barrels of oil
A three-day strike by oil and gas workers ended last Wednesday
The anticipated oil-freeze accord fell through on Sunday
Seven stations are operational while two more are under construction
Oil freeze accord proves elusive at Doha meet
Markets are unlikely to rebalance before 2017, the International Energy Agency said
The country’s acting oil minister had said negotiations were underway to avert the strike
World demand will grow by 1.2 million barrels per day in 2016, 50,000 bpd less than expected