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    Opec moves towards output cap extension as meeting commences

    Opec moves towards output cap extension as meeting commences

    01 Jul 2019

    Opec and its oil-producing allies shifted on Monday towards extending their daily output caps, sending oil prices racing higher before the outcome of the group’s official gathering. Ministers from the...

    Russia investigating 13 suspects in oil contamination case

    Russia investigating 13 suspects in oil contamination case

    28 Jun 2019

    The number of suspects Russia is investigating over a major oil contamination in the Druzhba pipeline earlier this year has risen from 10 to 13, RIA news agency reported...

    Adnoc closes landmark $4 billion pipeline deal with KKR, BlackRock

    Adnoc closes landmark $4 billion pipeline deal with KKR, BlackRock

    27 Jun 2019

    The Abu Dhabi National Oil Company (Adnoc), on Thursday announced that it has closed its pipeline infrastructure investment agreement with BlackRock and KKR. The transaction was originally announced in February...

    Energy security is paramount to economic growth: Al Jaber

    Energy security is paramount to economic growth: Al Jaber

    25 Jun 2019

    Business Bureau, Gulf Today His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc), participated in the inaugural...

    Energy on the agenda when Saudi crown prince visits South Korea this week

    Energy on the agenda when Saudi crown prince visits South Korea this week

    24 Jun 2019

    Saudi Crown Prince Mohammed Bin Salman plans to visit South Korea this week as the two countries seek to bolster economic ties, officials in Seoul said on Monday. The...

    Fed rate-cut signal sends stocks surging, oil jumps around 3 per cent

    Fed rate-cut signal sends stocks surging, oil jumps around 3 per cent

    20 Jun 2019

    World stock markets surged on Thursday, with the US benchmark S&P 500 hitting a record high, while the 10-year US Treasury yield fell below 2% as investors digested a signal...

    Adnoc and OCI to create new global nitrogen fertiliser leader

    Adnoc and OCI to create new global nitrogen fertiliser leader

    17 Jun 2019

    The Abu Dhabi National Oil Company (Adnoc) on Monday announced a new strategic partnership with OCI, which is a global producer and distributor of natural gas-based fertilisers and industrial chemicals,...

    Economy Tracker survey points to faster growth in non-oil sector

    Economy Tracker survey points to faster growth in non-oil sector

    16 Jun 2019

    Business Bureau, Gulf Today May survey data for Dubai’s private sector non-oil economy continued the recent twin themes of strengthening output growth and weak job creation. Total business activity increased...

    Saudi energy minister says hopes to balance oil market before next year

    Saudi energy minister says hopes to balance oil market before next year

    15 Jun 2019

    Saudi energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year. “We hope that we will...

    GSCCO sign deal to operate King Fahad Industrial Port

    GSCCO sign deal to operate King Fahad Industrial Port

    13 Jun 2019

    Business Bureau, Gulf Today Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, has entered an agreement with Red Sea Marine Services Company Limited to manage and...

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