Category :Oil & Gas

Energy Featured News Oil & Gas Regional

The price of fuel in the United Arab Emirates fluctuates from month to month

Global Business Magazine March 3, 2022

On Monday the UAE fuel price committee Monday announced petrol and diesel prices for March 2022 and it was not very pleasant news Read More

Energy News Oil & Gas World

Explainer: Why $100 oil could hurt the energy transition more than it helps

Global Business Magazine March 3, 2022

The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile Read More

Energy News Oil & Gas World

Russian oil trade in disarray over sanctions as prices blast through $100/bbl

Global Business Magazine March 2, 2022

Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for Read More

Energy Featured Oil & Gas Regional

Saudi Arabia Announces Discovery Of Five Major Gas Fields

Global Business Magazine March 1, 2022

In a major development, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has confirmed that the Saudi Aramco has struck five Read More

Energy News Oil & Gas World

Oil prices soar as Ukraine conflict stokes supply concerns

Global Business Magazine March 1, 2022

Oil prices surged on Tuesday as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a Read More

Energy News Oil & Gas World

Oil soars as Russian energy supply fears intensify

Global Business Magazine February 28, 2022

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments Read More

Energy News Oil & Gas World

Analysis: Oil’s journey from worthless in the pandemic to $100 a barrel

Global Business Magazine February 24, 2022

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared Read More

Energy Featured Oil & Gas Regional

UAE Likely To Ramp Up Oil Production in 2022

Global Business Magazine February 21, 2022

The UAE has significant capacity to ramp up oil production from current levels (2.9 Million Barrels Per Day (MBPD) at the end of Read More

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