Oil Prices | Egypt Oil & Gas - Part 17
UAE Key Stabilizer in Future Oil Markets
“The UAE played a key role in the political stability of this region and the UAE will play … a key role in the stability of the market,” the UAE oil minister Suhail al-Mazrouei was quoted by Oil and ...
Oil Prices Force Taqa to Shift Gears
Abu Dhabi National Energy Company (Taqa) posted a net loss in the third-quarter as revenues were hit by weak oil prices, reported Trade Arabia. “During the first three quarters, we have continued to position Taqa to w...
Arab-South American Summit to Discuss Trade, Oil Price
Today began the fourth summit between South American and Arab leaders in Riyadh. Representatives from 22 Arab and 12 Latin American states will meet to discuss a number of issues, including politics, security, human r...
UAE Still Expanding, but Optimizing Offshore Investments
The inaugural Adipec Offshore and Marine Conference, produced and managed by dmg events, kicked off on November 9 in a purpose-built dedicated waterside theatre, the first-of-its-kind in the region, reported Trade Ara...
IMF to Help Saudi with Tough Choices, Lagarde
The decline in oil prices has increased the importance of reforms to switch the focus of growth from the public sector to the private sector in Saudi Arabia, said Christine Lagarde, managing director of the IMF. Lagar...
UAE Preparing Energy Projects for Eventual Oil Price Rebound
The United Arab Emirate is pushing ahead with large new energy projects, betting that an oil price recovery will start as early as next year as demand begins to absorb the global glut, said energy minister Suhail Al M...
Saudi Arabia Adamant Over Oil Prices, Despite Omani Complaints
Saudi Aramco’s Chairman Khalid al-Falih said on Sunday that the company has no plans to cut oil production and he foresees the oil market rebalancing in 2016, reported Reuters. “The only thing to do now is...
OPEC and Experts Say Oil Prices to Recover in 2016
The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri announced on Monday, reported Reuters. “The expectation is that the market will re...
