The US price of crude oil is hovering under $50 per barrel despite this week's meeting of oil producers in Abu Dhabi to discuss compliance with January's production-cut agreement.
Abu Dhabi National Oil Company (ADNOC) is in talks with potential partners for an offshore concession area that is currently operated by Abu Dhabi Maine Operating Company (ADMA-OPCO).
Sapiem signed an agreement with the Director of the Hamriyah Free Zone Authority (HFZA), Saud Salem Al Mazrouei, and Sharjah Airport Free Zone Authority to establish a major base in the UAE.
Kuwait is promising to decrease its oil production in response to Saudi Arabia’s call for fellow members of the Organization of the Petroleum Exporting Countries (OPEC) to cut more supply in order to aid in restraini ...
The United Arab Emirates (UAE) renewed its commitment to the Organization of Petroleum Exporting Countries (OPEC) agreement on limiting production and said it would boost its own curbs.