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Last Updated: Tue, May 3 2016 | 10:02 AM |
Oil to stabilise at $50-60 by end-2016, says Kuwait's KPI
Energy»

Oil to stabilise at $50-60 by end-2016, says Kuwait's KPI

Tuesday, 3 May 2016 2:02 PM

Kuwait Petroleum International chief also says prices could reach $80 in 3-4 years' time

UAE 'can become the clean energy finance capital of the world'
Banking & Finance»

UAE 'can become the clean energy finance capital of the world'

Monday, 2 May 2016 7:49 PM

Former chief economist of the DIFC says UAE capital markets can 'own the clean energy finance space'

DEWA sees five bids for $13.6bn Al Maktoum Solar Park project
Energy»

DEWA sees five bids for $13.6bn Al Maktoum Solar Park project

Monday, 2 May 2016 1:37 PM

Dubai's state utility aims to have solar capacity of 1,000MW by 2020 and 3,000 megawatts by 2030

Abu Dhabi TAQA considers selling overseas oil, gas assets
Energy»

Abu Dhabi TAQA considers selling overseas oil, gas assets

Monday, 2 May 2016 9:13 AM

TAQA's 2015 annual said it has an agreement with a "related party" who could buy all its oil and gas assets in North America, Iraqi Kurdistan and Europe

Oman's Sohar Power says capacity cut by technical problem
Energy»

Oman's Sohar Power says capacity cut by technical problem

Sunday, 1 May 2016 3:29 PM

One of its generating units tripped, causing damage to the machinery, the company said, adding that water production had not been affected

IEA chief says oil price bottoming depends on global growth
Energy»

IEA chief says oil price bottoming depends on global growth

Sunday, 1 May 2016 2:20 PM

International Energy Agency chief Fatih Birol said expected global oil demand to grow by 1.2 million barrels per day this year

OPEC oil output near record high in April
Energy»

OPEC oil output near record high in April

Sunday, 1 May 2016 9:55 AM

Iran, Iraq growth offsets strike in Kuwait and other outages

Oman plans to build $400m oil storage terminal near Duqm
Energy»

Oman plans to build $400m oil storage terminal near Duqm

Sunday, 1 May 2016 9:55 AM

In its first phase, the storage facility will have a capacity of between 6 million and 10 million barrels of oil and serve an oil refinery planned for Duqm

Cheap oil to force debt-driven shakeout in energy market
Energy»

Cheap oil to force debt-driven shakeout in energy market

Saturday, 30 April 2016 1:12 AM

AT Kearney says depressed oil prices will force oil and gas companies in distress to seek scarce buyers

World Bank raises 2016 oil price forecast to $41 per barrel
Energy»

World Bank raises 2016 oil price forecast to $41 per barrel

Friday, 29 April 2016 10:29 AM

Forecast comes amid improving market sentiment and a weakening dollar; oversupply seen receding

Dubai's ENOC installs first electrical car charging stations
Energy»

Dubai's ENOC installs first electrical car charging stations

Friday, 29 April 2016 1:31 AM

Company announces launch of nine charging stations at its service stations across Dubai

UAE set to raise petrol prices by 10% in May
Retail»

UAE set to raise petrol prices by 10% in May

Thursday, 28 April 2016 2:59 PM

The increase in prices for April follows seven consecutive months of declines, tracks rise in global oil price

Kuwait's KNPC signs $3.98bn loan with local banks – chairman
Banking & Finance»

Kuwait's KNPC signs $3.98bn loan with local banks – chairman

Thursday, 28 April 2016 11:17 AM

Part of the country's 30 billion dinar economic development plan, the Clean Fuels Project will upgrade and expand two of the Gulf Arab state's largest existing refineries

Qatar reduces local diesel fuel price by 7%
Energy»

Qatar reduces local diesel fuel price by 7%

Thursday, 28 April 2016 9:34 AM

Future prices will be based on a formula that includes global levels, production and distribution costs within Qatar, and prices elsewhere in the region

Saudi Aramco sets financing plans for industrial push
Energy»

Saudi Aramco sets financing plans for industrial push

Wednesday, 27 April 2016 6:25 PM

World's biggest energy company outlines plan to support expansion into new areas

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