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    UAE supplies Japan with 47.8% of its oil imports in October 2024

    UAE supplies Japan with 47.8% of its oil imports in October 2024

    01 Dec 2024

    Japan imported 31.80 million barrels of oil from the UAE in October 2024, accounting for 47.8 percent of its total imports for the month, according to data from the...

    Sharjah National Oil Corporation completes its milestone gas storage project

    Sharjah National Oil Corporation completes its milestone gas storage project

    04 Nov 2024

    Sharjah National Oil Corporation (SNOC) announced the completion of the second phase of its underground gas storage project in the Moveyeid field. The project started in 2017 with a small-scale...

    Oil surges to $75 a barrel amid Middle East escalation fears

    Oil surges to $75 a barrel amid Middle East escalation fears

    02 Oct 2024

    Oil prices climbed more than 2% on Wednesday on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran's biggest ever military...

    Oil does not operate in isolation, says OPEC chief

    Oil does not operate in isolation, says OPEC chief

    22 Aug 2024

    Haitham Al Ghais, OPEC Secretary General, said the international organisation does not believe that energy sources are locked in a zero-sum game. "Reality tells us that oil does not...

    Oil and gas sector in Arab countries attracts 610 projects worth $406 billion

    Oil and gas sector in Arab countries attracts 610 projects worth $406 billion

    08 Aug 2024

    The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies, with a total investment cost of US$ 406 billion between January...

    Ajman Police arrest man involved in selling, storing counterfeit lubricating oils for automobiles

    Ajman Police arrest man involved in selling, storing counterfeit lubricating oils for automobiles

    26 Jun 2024

    Gulf Today, Staff Reporter The security teams at the Ajman Police have arrested an Asian man on charges of selling and storing counterfeit lubricating oils bearing international brands registered...

    Fire at drone-hit Russian oil depot rages for second day

    Fire at drone-hit Russian oil depot rages for second day

    19 Jun 2024

    A blaze at an oil depot in the town of Azov in Russia's southern region of Rostov has been raging for more than 24 hours, local emergency services said...

    OPEC+ agrees to extend output cuts to buttress oil prices

    OPEC+ agrees to extend output cuts to buttress oil prices

    02 Jun 2024

    The OPEC+ group of oil-producing nations agreed Sunday to extend their production cuts in a bid to support prices, as economic and geopolitical uncertainty looms over the market. The...

    BP profit slides by 40 per cent to $2.7 billion in first quarter

    BP profit slides by 40 per cent to $2.7 billion in first quarter

    07 May 2024

    BP’s first-quarter earnings plunged by 40 per cent to $2.7 billion, missing forecasts after lower energy prices and a US refinery outage offset increased oil and gas production. The London-based...

    UAE extends additional voluntary output cut of 163,000 bpd through end of June 2024

    UAE extends additional voluntary output cut of 163,000 bpd through end of June 2024

    03 Mar 2024

    The United Arab Emirates announced that it will extend its additional voluntary cut of 163,000 barrels per day (bpd), for the second quarter of 2024, in coordination with some...

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