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Shell opens GTL base oil facility in Dubai
This new facility in Jebel Ali is Shell’s fourth GTL base oil storage hub.
Supreme Council of Energy urges for cut in fuel subsidy
The council justified the population growth and the increase in the number of motor vehicles, which may result in the hike in the subsidised bill value, to submitting the recommendation.
Shah sour gas project begins operations
The $10 billion gas project, being managed by Al Hosn Gas Company, is part of Abu Dhabi’s plans to expand its hydrocarbon infrastructure.
Here’s why a slump in oil prices will not impact UAE
The minister said that the UAE would move ahead with plans to boost its oil and gas production capacity.
Entire oil complex slips into contango
Benchmark Brent crude prices have fallen over 50 per cent since August.
Cheap energy to aid manufacturing sector
Markets will only pick up once major manufacturing economies, particularly in Asia, feel the benefit of cheaper energy.
Win-win scene for Asia economies
Experts say lower oil prices would ease inflationary pressures throughout much of Asia.
Energy companies set to increase spending in Africa and Middle East
Investment will continue to rise in Africa and the Middle East as producers in those areas seek to boost long-term output in the flooded global oil market.
Saudi king vows to deal with oil fall with "firm will"
Brent crude fell close to $51 a barrel, its lowest since 2009, with cuts to Saudi Arabia’s official selling prices to Europe this week.
Bargain hunt on for energy stocks
Energy sector earnings are seen down 19.6 per cent in the fourth quarter, according to Thomson Reuters data.
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