ADNOC To Offer Cleaner Diesel Fuel For 2013 Term Contract

The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.

Kuwait Sets Oil Well On Fire After Gas Leak

No one was injured in the gas leak accident, said state news agency KUNA.

Saudi Aramco To Spend $35bn On Oil Supply Cushion To 2017

Saudi Aramco has been pumping around 10 million barrels per day for most of this year.

Saudi To Supply Crude To Asian Buyers

The Kingdom increased the selling prices for November to Asian buyers in line with widening product cracks.

Emal Picks Banks For Up To $1bn Bond Issue- Sources

Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.

Saudi Arabia Finds New Gas Field

Aramco says gas flow at new Red Sea site is 10 million cubic feet a day and more wells could be drilled.

Saudi Says Lower Oil Price “Suitable” For Global Growth

Brent crude has fallen from a high for the year of $128 a barrel in March to $112.

Morocco Selects Saudi-Led Group For $1bn Solar Deal

A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.

UAE Committed To Supply Customers With Oil Needs

The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.

Drake & Scull Wins Iraqi Pipeline Contract

The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.

UAE Agrees Nuclear Energy Deal With Canada

Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.

Saudi Aramco To Choose Refinery Contracts From Pack Of 20

The Saudi-based oil giant will see its domestic output increase to 3.5 million bpd when new refineries come online.

Oil Slips Below $114, Extending Slide

Prices dropped amid signs that Saudi Arabia is pumping at high rates to dampen prices.

Dana Gas Shareholder Optimistic On $920m Sukuk

Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.

Brent Crude Up For 8th Day In A Row

Price for brent crude nears $117 as analysts warn regional protests will send risk premiums higher.

US Lauds Saudi Commitment To Help Moderate Oil Price

Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.

The UAE’s Nuclear Energy Efforts Are Full Steam Ahead

Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?

UAE’s Masdar Eyes Saudi Investments

The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.

High Oil Price Worries Saudi, Pledges To Meet Demand

Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.

Gulf OPEC Big Three Raise Aug Oil Output By 400,000 bpd

Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.

Oil Prices Re-enter The “Danger Zone”

As oil prices rise, Western economies face dire days ahead, says Reuters’ John Kemp.

Abu Dhabi Power Project Eyes Bond By End Sept

The Shuweihat 2 plant project may launch a bond as part of a $2.2 billion refinancing plan.

Qatar LNG Producer Rasgas Office PCs Hit By Virus

The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.

ENOC Announces 40 New Petrol Stations For KSA

The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.

G7 Urges Higher Oil Output, Warns On Reserves

Finance ministers of the G7 nations said that the West was ready to tap oil reserves to offset rising prices.

UAE To Boost Oil Production Capacity

The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.

Saudi Aramco Says Virus Damage Fixed; Oil Output Unaffected

A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.

World Oil Supply Tightens In Last 2 Months – EIA

Global oil inventories in countries other than Iran fell about 1.2 million barrels per day in July and August.

Glencore’s Bid For Qatar’s Xstrata Wavering

New ratio demand leaves the commodity giant at a loss as potential mining deal looks close to collapse.

Oil Rises On Eurozone Hopes, Supply Worries

Investors are optimistic that the European Central Bank will take action to ease Spanish and Italian borrowing costs.