Japan’s INPEX inks agreement for Emirati oil
For the next 40 years, Japanese energy company INPEX said it would play a role in the development of oil reserves off the coast of the United Arab Emirates. INPEX said Continue Reading
Platts Releases Blockchain For Oil Inventory Data In the UAE
S&P Global Platts released a blockchain-based product that “will allow market participants to submit weekly inventory oil storage data” to the United Arab Emirates’ Fujairah Oil Industry Zone (FOIZ) and Continue Reading
UAE says OPEC, allies to announce exit strategy from oil cuts in June
United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Monday that OPEC and non-OPEC oil producers plan to announce in June an exit strategy from global supply cuts, Continue Reading
The UAE Plans The Last Few Decades Of Its Oil Game
Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with its Continue Reading
Emirati oil production could increase by 1 million barrels per day
Oil production from a field tapped from artificial islands off the Emirati coast could jump to 1 million barrels per day by 2024, partners said Tuesday. Abu Dhabi National Oil Continue Reading
UAE to keep cutting oil output to comply with global deal: minister
The United Arab Emirates will continue to reduce its oil output to meet its commitment to a global oil production cut agreement, its Energy Minister Suhail al-Mazroui said. “As part Continue Reading
United Arab Emirates, an OPEC member, eyes more oil production
Bringing new partners to the offshore sector could support the effort to boost production to 3.5 million barrels per day, the Abu Dhabi National Oil Co. said. The company, known Continue Reading
UAE September crude cut should be model for others: energy minister
DUBAI (Reuters) – The United Arab Emirates’ energy minister said on Wednesday that he hoped a decision by Abu Dhabi National Oil Co (ADNOC) to cut crude allocations by 10 Continue Reading
Three Years Into Cheap Oil, Gulf Is Still Depending on a Rebound
Low prices combined with output cuts are weighing on growth Isolation of Qatar has added to perception of regional risks Energy-rich Gulf Arab nations have scrambled to adjust to the Continue Reading
Qatar won’t cut gas to UAE: Qatar Petroleum CEO
Saad al-Kaabi, chief executive of Qatar Petroleum, gestures during a news conference in Doha, Qatar, December 11, 2016. Qatar will not cut off gas to the United Arab Emirates despite Continue Reading