UAE Oil Major Turns To Hydrogen
Adnoc, the Abu Dhabi state oil company, Adu Dhabi Investment Holding, and Mubadala Investment Co., two state investment funds, have teamed up in an Abu Dhabi Hydrogen Alliance to develop Continue Reading
UAE Oil Takes Center Stage In U.S. Pushback Against China
Abu Dhabi – the oil powerhouse at the centre of the U.S.’s pushback against increasing Chinese influence across the Middle East – last week further cemented this alliance with a Continue Reading
UAE Escalates OPEC Dispute as Tensions on Output Quotas Grow
The United Arab Emirates ratcheted up tension with oil allies in OPEC+, with officials privately questioning the benefits of being in the producers’ alliance and even considering whether to leave Continue Reading
Will The UAE Withdraw From OPEC?
OPEC has suffered immensely under the pandemic and subsequent oil demand loss, and its job could now become significantly more challenging as members mull the pros of staying with the Continue Reading
UAE achieves 126% compliance with OPEC+ quota in Oct: ministry
The UAE achieved 126% compliance with its OPEC+ quota in October, the energy ministry said late Nov. 17, as OPEC’s third-largest producer sought to compensate for overproduction in August. The Continue Reading
UAE Oil Major ADNOC Sees Oil Demand Reaching 105 Million Bpd Within Decade
Group CEO of the Abu Dhabi National Oil Company (ADNOC) on Monday forecast that oil demand will reach more than 105 million bpd within the next decade. Dr. Sultan Bin Continue Reading
Trump administration advances $2.9 billion drone sale to UAE
The U.S. State Department gave Congress notification it plans to sell 18 sophisticated armed MQ-9B aerial drones to the United Arab Emirates in a deal worth as much as $2.9 Continue Reading
UAE DATA. Crude output cut by 8% in Sept, achieving 116% OPEC+ compliance: source
The UAE lowered its September crude output by 8% on the month to 2.476 million b/d, achieving 116% compliance with its OPEC+ quota as the producer compensated for overproduction in Continue Reading
US, Israel and UAE to cooperate in oil, gas, renewable energy
The US, Israel and the UAE agreed to cooperate in the fields of oil, gas and renewables among other energy sectors, following the signing of a peace agreement between Israel Continue Reading
U.S. fines Emirates $400,000 for flying over Iranian airspace
The U.S. Transportation Department said Thursday it fined Emirates airline $400,000 for operating flights in parts of prohibited Iranian airspace in 2019. The flight was carrying the JetBlue Airways JBLU.O Continue Reading
UAE Wealth Fund Sees Oil Demand Peaking In 2030
Global oil demand has another decade to grow until peaking in 2030, Mubadala Investment Company, one of the largest state wealth funds of the United Arab Emirates (UAE), believes. The Continue Reading
Gulf’s fiscal diet risks deeper pain amid oil price uncertainty
Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty Continue Reading
OPEC’s Third-Largest Producer Fails To Comply With Output Cuts
The United Arab Emirates (UAE), currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the Continue Reading
UAE’s Nuclear Power Pivot Comes At A High Cost
The United Arab Emirates have just become the first Arab nation to operate a nuclear plant as its 5.6GW Barakah nuclear plant achieved criticality on its Unit 1 in the Continue Reading
U.A.E. Links Arab World’s First Nuclear Reactor to Power Grid
The Barakah nuclear plant. The United Arab Emirates connected the Arab world’s first nuclear power plant to the country’s grid and began providing electricity, crossing the final threshold to membership Continue Reading
UAE’s Oil Major ADNOC Sees ‘Robust’ Return Of Oil Demand
The Abu Dhabi National Oil Company (ADNOC) sees a robust return of oil demand, mainly from China, ADNOC Group’s chief executive Dr. Sultan Ahmed Al Jaber told IHS Markit Vice Continue Reading
UAE starts producing nuclear energy, a first in Gulf region
The UAE, OPEC’s third-largest oil producer, started producing nuclear energy from a 1.4 GW nuclear reactor, becoming the first country in the Gulf to use such a source for power Continue Reading
United Arab Emirates launches mission to Mars
The United Arab Emirates launched its first mission to Mars on Monday as it strives to develop its scientific and technological capabilities and reduce its reliance on oil. The Hope Continue Reading
Emirates to restart flying A380 superjumbo aircraft in potential boost to jet fuel demand
Emirates operated world’s biggest fleet of A380 before coronavirus pandemic Airline currently flying to over 40 destinations Dubai to welcome tourist, business travelers from July 7 Dubai — Emirates, the Continue Reading
UAE: Output Cuts Will Send Oil Prices To ‘Normal’ Levels
The ongoing record production cuts from the OPEC+ group are set to push oil prices up to ‘normal’ levels soon, Suhail Al Mazrouei, energy minister of the United Arab Emirates Continue Reading
Gulf mall operators rein in expansion as retailers reel from COVID-19
Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and Continue Reading
Fujairah’s fuel oil exports fall to 18-month low with supplies held in storage
Fuel oil exports from Fujairah in the UAE slumped to an 18-month low in May, weighed down by plentiful supplies held in floating storage and contango in Singapore, according to Continue Reading
UAE pumped 2.4 million b/d in May in line with its OPEC+ quota: source
UAE’s new quota is 2.446 million b/d for May and June UAE will cut an extra 100,000 b/d in June The country is OPEC’s third-largest oil producer The UAE, OPEC’s Continue Reading
Emirates Flight Schedules: Carrier Considers Job Cuts, A380 End
Emirates Group is considering slashing about 30,000 jobs, the deepest cuts yet in a global airline industry that’s been forced into near-hibernation by the coronavirus pandemic. The world’s biggest long-haul carrier Continue Reading
UAE Making Even Bigger Cuts To Oil Production Next Month
The United Arab Emirates will cut even more oil production in June, UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei announced this week. The production Continue Reading
UAE groups implicated in suspected violation of Libyan arms embargo
United Arab Emirates-based companies shipped nearly 11,000 tonnes of jet fuel to eastern Libya, the stronghold of the renegade general Khalifa Haftar, in a suspected violation of an international arms Continue Reading
UAE’s Sharjah National Oil puts LNG project on hold to focus on gas discovery
UAE’s Sharjah National Oil Corp. (SNOC) is putting its LNG project with Uniper on hold to focus on its first onshore natural gas discovery in 37 years, along with exploration Continue Reading
Emirates Mulls Grounding Its A380 Fleet as Virus Spreads
Emirates, the world’s biggest long-haul airline, is looking at grounding the bulk of its 115 Airbus SE superjumbos as the coronavirus undermines global travel demand, people familiar with the situation said. Dubai-based Continue Reading
UAE’s Latest Natural Gas Discovery Is A Gamechanger
The Persian Gulf is, without doubt, the most prominent oil and gas production area in the world. After decades of intensive exploration and production, the region still amaze persistent explorers. Continue Reading
UAE issues license to start the country’s first nuclear plant
The UAE’s nuclear regulatory authority granted the license needed to start the country’s first nuclear plant, paving the way for the Gulf state to be the first in the region Continue Reading
Fiji Troops Could Become Guards Of Strategic UAE Oil Assets
Fijian soldiers may become guards of strategic assets in the United Arab Emirates under a memorandum of understanding the two countries are to sign after current negotiations conclude, Fijian media Continue Reading
Crude Oil Tanker Catches Fire in Persian Gulf
A crude oil supertanker caught fire in the Persian Gulf, west of the Strait of Hormuz, prompting a warning from naval authorities in the U.K. for ships in the region Continue Reading
The Most Successful Oil Economy That’s Moving Away From Oil
A discussion about oil-dependent economies often calls to mind an image of some anonymous Middle Eastern country almost entirely dependent on its oil exports to generate revenues. But there is Continue Reading
Why UAE Oil Prices Are Falling
Prices of Abu Dhabi’s popular flagship crude grade, Murban , have dropped over the past week as refiners prefer grades yielding more low-sulfur marine fuels and as supertanker freight rates Continue Reading
Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout
The United Arab Emirates’ state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks Continue Reading
War risk costs drag on UAE marine fuel sales, benefit Singapore: trade sources
Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates’ (UAE) Continue Reading
Gulf Arab Countries Back UAE To Protect Oil Interests
The Arab countries of the Persian Gulf expressed solidarity with Saudi Arabia and the United Arab Emirates (UAE), supporting all measures that their two allies take to protect their security Continue Reading
UAE To Build World’s Largest Underground Oil Storage Facility
The Abu Dhabi National Oil Company (ADNOC) and South Korea’s SK Engineering and Construction Co. Ltd (SKEC) signed an agreement on Wednesday to build the world’s single largest underground oil Continue Reading
UAE light oil posts longest discount run since 2017 as Asian buyers switch
Abu Dhabi’s flagship Murban crude has sold at a discount in Asia to its official selling price (OSP) for four straight months – the longest stretch in nearly two years Continue Reading
UAE oil minister expects oil market to reach balance in first quarter
The oil market should reach a balance between supply and demand in the first quarter of this year, United Arab Emirates’ Oil Minister Suhail Al Mazrouei told Al-Arabiya television on Continue Reading
UAE Sets Record For Largest ‘Virtual’ Battery
The United Arab Emirates have a reputation for innovative investments, so it was only a matter of time—and after a recovery in oil prices—before the Gulf state started making headlines Continue Reading
UAE energy minister says it is an important year for diversifying energy mix
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Twitter on Wednesday that 2019 was an important year for the country as it moves ahead with diversifying its energy mix. Continue Reading
Arab Energy Firms Set To Boost Borrowing After Oil Prices Crashed
Energy companies in the Arab countries in the Persian Gulf may resume issuing more debt and borrowing more money for expansion plans after oil prices plunged by 40 percent from Continue Reading
Is This The New Swing Producer In The Middle East?
The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. sanctions on Iranian oil. The UAE, Continue Reading
UAE Boosts Production, Introduces New Crude Blend
The Abu Dhabi National Oil Company (ADNOC), the producer of nearly all of the oil in the UAE, began producing and exporting a new crude grade, Umm Lulu, in October, Continue Reading
UAE to pump more oil in Oct, Nov to meet customers’ needs: energy minister
The UAE expects to produce more oil in October, November to meet its customers’ requirements after having increased production in the third quarter, energy minister Suhail al-Mazrouei said Thursday. Receive Continue Reading
OPEC’s No.4 Vows To Boost Spare Oil Capacity
OPEC and allies snubbed calls from U.S. President Donald Trump to lower oil prices, saying on Sunday that they are satisfied with the “overall healthy balance between supply and demand.” Continue Reading
UAE Ramping Up Oil Production To 3 Million Bpd
The United Arab Emirates (UAE) is ramping up production at a newly operational offshore field, aiming to boost its total output to around 3 million bpd, S&P Global Platts reported Continue Reading
UAE’s July crude production hits one-year high: source
The UAE boosted its crude production by about 85,000 b/d in July, an industry source familiar with the country’s oil operations told S&P Global Platts, as OPEC loosens the taps Continue Reading
China probing emerging UAE reserves
The state oil company in Abu Dhabi said it signed contracts with a Chinese counterpart to carry out the world’s largest surveys for new hydrocarbon reserves. The Abu Dhabi National Continue Reading