September 25, 2018

Saudi Aramco Trading aims for 50pc rise in oil trade volume...

SINGAPORE: Saudi’s Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 per cent higher than current levels, the company’s top official said on Monday. “Currently… we’re at 4 million barrels"...

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September 25, 2018

Oil to see massive demand thrust through 2040: Opec

Oil is expected to remain the fuel with the largest share in the energy mix through 2040, said Opec in its World Oil Outlook 2018, raising the long-term oil demand upward for the second consecutive year, with demand at over 111.7 million barrels per day (mb/d) in 2040.

Total"...

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September 19, 2018

Dewa wins big at IdeasAmerica Summit

Dubai Electricity and Water Authority (Dewa) won 11 international awards and five honourable mentions at the awards ceremony held by the IdeasAmerica Annual Training Summit in Las Vegas, USA, a media report said.

These awards recognise Dewa as a global leader in innovation"...

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September 19, 2018

President discusses with petrol minister oil derivatives...

President Mahdi al-Mashat on Monday discussed with Minister of Oil and Minerals, Ahmed Daris, the situation of supply of oil derivatives and the level of availability in the local market.



The meeting dealt with the workflow and aspects of coordination between"...

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September 18, 2018

Oil prices inch up despite assurances to raise output

Global oil prices edged up from early losses on Monday despite assurances from Washington that Saudi Arabia, Russia and the United States can raise output fast enough to offset falling supplies from Iran and elsewhere.
US Energy Secretary Rick Perry said in an interview on Friday"...

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September 17, 2018

Great quantities of oil derivatives to arrive to capital...

The Yemeni Petroleum company (YPC) said on Sunday in a statement obtained by Saba that thanks to efforts made by State's apparatus represented by Yemeni Political leadership great quantities of oil derivatives will arrive during this week to the capital Sanaa.

'Coordination"...

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September 16, 2018

A tale of two oil markets: Brent bulls split from US optimists...

For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade.

While money managers pile up on bets that Brent futures will rise as supplies from Iran shrink,"...

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September 16, 2018

LNG supplies 209 selling point in capital

The Yemeni Liquefied Natural Gaz company (LNG) said in a statement obtained by Saba on Saturday that it supplied 209 point of selling domestic gas with a selling price estimated to three thousands riyals for a gas cylinder of 20 litters.

23 selling points were set up for the"...

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September 15, 2018

Oil & gas among top performers in business: study

Oil & gas, metals & mining, and construction sectors emerged among the top 10 performers with over 10 per cent growth in both revenue and profitability between 2016 and 2017, said a report.

Pharma, banking, and medical devices turned out to be the weakest performers"...

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September 12, 2018

Oil prices climb; US looks to prevent supply shortfall

Oil prices rose on Tuesday amid looming US sanctions against Iran’s petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption.
US West Texas Intermediate (WTI) crude futures were at $67.70 per barrel at 0637 GMT, up"...

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