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Thursday, 26 November 2009 09:02 UAE time

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Thursday, 27 August 2009

Saudi prince slams US energy policy

Energy
Former head of Saudi’s intelligence agency slams US president for using the term 'energy independence’.

Saudi prince slams US energy policy

Wednesday, 26 August 2009

UN says $165bn in Development Fund for Iraq coffers

Energy
Largesse amassed since fund set up in 2003 to manage state oil sale proceeds.

UN says $165bn in Development Fund for Iraq coffers

Kuwait expects to start LNG imports by end Aug

Energy
Official says terminal set to receive LNG cargos now at the commissioning stage.

Kuwait expects to start LNG imports by end Aug

Nigeria will not push for output change at OPEC

Energy
UPDATE 1: Africa's largest producer calling for oil prices to remain at $70-80 a barrel.

Nigeria will not push for output change at OPEC

US giant chosen to build $2.7bn Kuwait power plant

Energy
General Electric preferred choice to build 2,000 megawatt Subbiya station - report.

US giant chosen to build $2.7bn Kuwait power plant

Northern Emirates facing power crisis - study

Energy
Shortage of electricity supply is posing serious economic threat, says new FNC report.

Northern Emirates facing power crisis - study

Tuesday, 25 August 2009

Minister says Iraq aiming to quadruple oil production

Energy
Target comes as Iraq seeks to develop 10 new oil fields due to be auctioned this year.

Minister says Iraq aiming to quadruple oil production

Japan’s Mitsubishi joins Iraq-Shell gas project

Energy
Firm to take 5% interest in proposed South Gas JV in Basra province.

Japan’s Mitsubishi joins Iraq-Shell gas project

Oil predicted to average $73 in 2010 - poll

Energy
A survey of analysts sees higher demand as the global economy recovers from crisis.

Oil predicted to average $73 in 2010 - poll

Monday, 24 August 2009

Oil prices touch 10-month high

Energy
Prices near $75 a barrel on expectations economic recovery will revive ailing world energy demand.

Oil prices touch 10-month high

Iran announces largest oil find for five years

Energy
UPDATE 1: More than 8.8bn barrels of crude oil discovered at the Sousangerd oilfield.

Iran announces largest oil find for five years

Saturday, 22 August 2009

Oman to invest $7.8bn in water, power projects

Energy
Tender process for electricity plant in Marbat district said nearing completion.

Oman to invest $7.8bn in water, power projects

Taqa, Gazprom agree on Dutch gas storage project

Energy
Abu Dhabi National Energy Co & Russian firm to jointly develop gas storage project.

Taqa, Gazprom agree on Dutch gas storage project

BASF to supply construction material to Masdar City

Energy
German chemical giant to offer system solutions for the UAE's clean technology hub.

BASF to supply construction material to Masdar City

Friday, 21 August 2009

Oil hits 2009 high above $74, eyes Fed speech

Energy
Oil price rises ahead of further pointers on the economic health of the United States.

Oil hits 2009 high above $74, eyes Fed speech

Thursday, 20 August 2009

Oil falls towards $72 after surge on recovery doubts

Energy
Oil prices ease as as optimism about the pace of demand recovery in the United States fade.

Oil falls towards $72 after surge on recovery doubts

Saudi eyeing first nuclear reactor

Energy
King Abdulaziz City for Science and Technology in Riyadh currently working on the project - report.

Saudi eyeing first nuclear reactor

Wednesday, 19 August 2009

Iraq oilfields skipped at auction may be re-offered

Energy
Decision on whether to re-offer fields due to be taken by October or November.

Iraq oilfields skipped at auction may be re-offered

Oil breaches $69 on China shares fall

Energy
UPDATE 1: Near 5% drop in Chinese shares scares global markets about economic recovery.

Oil breaches $69 on China shares fall

No need for OPEC supply change at Sept meet - Kuwait

Energy
'Kuwait is happy with current output. The current oil price is not bad at all,' says Kuwait oil minister.

No need for OPEC supply change at Sept meet - Kuwait

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SPOT POLL

Have you cut back your spending on groceries amid the downturn?

Actually, I’ve reduced my spending on everything… food, clothes, going out – the lot.
I’ve swapped to non-brand food items, and always look for special offers, but that’s it.
No, I’m spending the same.
No way, it's champers and caviar for dinner every night!
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