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    OPEC likely to extend output cut at the upcoming meeting

    OPEC likely to extend output cut at the upcoming meeting

    29 Nov 2020

    Gulf Today Report  OPEC is set to meet on Monday and Tuesday to decide if there would be an extension on production cuts as coronavirus cases surge.     The...

    Oil slumps as vaccine doubts increase

    Oil slumps as vaccine doubts increase

    27 Nov 2020

    Gulf Today Report Oil prices fell on Friday as the US observes thanksgiving and markets having doubts about vaccine. Brent crude was down by 10 cents at $47.70 by...

    Adnoc awards $519m contract to identify, explore new resources

    Adnoc awards $519m contract to identify, explore new resources

    26 Nov 2020

    Business Bureau, Gulf today The Abu Dhabi National Oil Company (Adnoc) announced on Thursday, the award of a contract worth up to $519 million (Dhs1.9 billion) to further expand...

    Oil falls following a decline in US inventories

    Oil falls following a decline in US inventories

    26 Nov 2020

    Gulf Today Report Oil slumped on Thursday due to the sharp fall in US crude stockpiles.  Brent futures were down 1 cent at $48.60 a barrel by 07:46 GMT,...

    Oil prices gain despite the increase in stockpiles

    Oil prices gain despite the increase in stockpiles

    25 Nov 2020

    Gulf Today Report Oil advanced on Wednesday as market ignored the rise of US crude stockpiles above expectations due to optimism of COVID-19 vaccine, this is its fourth straight...

    Oil discovery bolsters UAE’s energy cachet

    Oil discovery bolsters UAE’s energy cachet

    24 Nov 2020

    At a time when the coronavirus has been battering not just the economic lives of people but also nations, this is surely heartening news. The new oil discovery in the...

    Oil jumps to its highest since March

    Oil jumps to its highest since March

    24 Nov 2020

    Gulf Today Report Oil gained on Tuesday to $47 a barrel as a third company announced its coronavirus vaccine, its biggest gain since March. Brent crude rose 31 cents,...

    Oil prices advance on the prospect of COVID-19 vaccine

    Oil prices advance on the prospect of COVID-19 vaccine

    23 Nov 2020

    Gulf Today Report Oil prices jumped on Monday as traders remain hopeful for a COVID-19 vaccine soon. Fresh lockdowns in Europe and the US also affected the prices. Brent...

    Oil prices steady as markets await OPEC+ meeting outcome

    Oil prices steady as markets await OPEC+ meeting outcome

    20 Nov 2020

    Gulf Today Report Oil prices remain the same, rising for a third consecutive week due to hope that OPEC+ would delay the increase in output. Brent crude futures were...

    Oil slumps as COVID-19 cases surge

    Oil slumps as COVID-19 cases surge

    19 Nov 2020

    Gulf Today Report  Oil futures fell on Thursday after it gained on Wednesday as the increase in coronavirus cases and new restrictions decrease fuel demand. Brent crude futures lost...

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