• Eni Secures 3 New Exploration Blocks in Egypt

    Eni S.p.A. announced Thursday that it was the successful bidder of 3 new exploration licenses in Egypt following the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded soon, after the ratification and finalization of the Concession Agreements. As a result of the...

  • EIA Sees Lower OPEC Output, Weaker Demand Growth In 2015

    The U.S. Energy Information Administration trimmed its forecast of world oil demand growth next year and made even deeper cuts in its outlook for OPEC production, the latest signs of a shift toward surplus supplies next year. The EIA cut its 2014 global demand forecast to 91.47 million barrels a...

  • Oil Ministry: Egypt Pays $1.5B To Foreign Energy Companies

    Egypt has paid $1.5 billion of its debt to foreign energy companies, the oil ministry said in a statement on Thursday. Egypt has delayed payments to oil and gas firms since a popular uprising ousted autocrat Hosni Mubarak in 2011 and brought on almost three years of instability. Some of the debts...

  • Oil Traders Say OPEC May Be Heading For Price War

    Saudi Arabia’s decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer group could compete to defend their market share amid ample supplies and tepid demand. Industry and trading sources in the Middle...

  • Exxon CEO Says Lifting Crude Export Ban Would Create US Jobs

    Scrapping a decades-old ban on U.S. crude oil exports would spur job creation and boost energy security by encouraging new investment that lifts production, Exxon Mobil Corp’s chief executive said on Thursday. Chief Executive Officer Rex Tillerson, speaking to a business group, said trade...

Upcoming Events

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    16 – 18 March 2015, Oman international Exhibition Center
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    17th-18th September 2014 , Doha , Qatar.
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    4th - 6th December 2014, Shanghai New International Expo Center (SNIEC)

Oil Prices of Today

Crudes $/B
Brent 105.78
WTI 97.19
OPEC Basket 102.55

Interviews

  • The Egyptian-Kuwaiti Relations Well-established an...

    At the national days of the Kuwaiti...

  • TOTAL: THE QATAR EXPERIENCE

    TOTAL: THE QATAR EXPERIENCE HISTORICAL...

  • Nathalie Martin-Bea Mardinian interviews Mr. Sudh...

    Regional Manager Middle East-...

  • Samsung Engineering ...

    “We are thrilled to be a part of ambitious oil project of Iraqi government,” said Steve...

    Steve Fludder
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    “We are pleased to receive this payment, and are working with the Kurdistan Regional Government...

    Rashed El-Grwan

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