Category :Oil & Gas

Energy News Oil & Gas World

Oil rises as tight market looks to Russian-Western diplomacy

Global Business Magazine February 21, 2022

Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that Read More

Energy News Oil & Gas Regional

Qatar LNG exports down on mega train unplanned outage

Global Business Magazine February 18, 2022

Exports of liquefied natural gas (LNG) from Qatar's Laffan liquefaction plant have been lower over the past few days as one of Read More

Energy News Oil & Gas World

Oil slides 2% as Iran talks offset Ukraine crisis

Global Business Magazine February 18, 2022

Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages and could unlock Read More

Energy News Oil & Gas Regional

IEA’s Birol again urges OPEC+ to narrow gap between oil

Global Business Magazine February 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil Read More

Energy Economy Featured Oil & Gas

Dubai’s Hassyan Coal-fired Power Plant To Convert To natural Gas

Global Business Magazine February 3, 2022

Moving further ahead to realise Dubai’s carbon neutrality strategy 2050, the Dubai Electricity and Water Authority (DEWA) decided to convert the 2,400 MW Read More

Business Economy News Oil & Gas

Oil prices take a breather, OPEC+ sticks to output plans

Global Business Magazine February 3, 2022

Oil prices eased on Thursday following weak U.S. payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ Read More

Business Economy News Oil & Gas Regional

Saudi non-oil private sector January growth slows amid Omicron surge

Global Business Magazine February 3, 2022

Growth in Saudi Arabia's non-oil private economy slipped again in January, falling to its slowest expansion rate since September amid a sharp Read More

Business News Oil & Gas Regional

UAE non-oil private sector growth slows in January as COVID

Global Business Magazine February 3, 2022

The United Arab Emirates' non-oil private sector growth fell in January to its slowest in six months despite notching a 14th straight Read More

Business Economy Featured Oil & Gas Regional

UAE’s Economy Forecast To Grow at 4.2% On Higher Demand

Global Business Magazine February 2, 2022

It has been a bag of mixed fortunes for the two main bourses in the UAE for the month of January 2022. The Read More

Business News Oil & Gas World

Saudi Aramco buys 7.4% stake in Norwegian software firm Cognite

Global Business Magazine February 2, 2022

Saudi Aramco (2222.SE) has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP (AKRBP.OL), Cognite said Read More