Profit at Abu Dhabi's Mubadala climbs 12.4%

Abu Dhabi’s Mubadala appoints new CEO for energy portfolio

Ahmed Saeed al-Calily will oversee Mubadala’s energy portfolio, which includes Mubadala Petroleum and Masdar

Dubai’s ENOC gets $230m loan from China’s ICBC

The five-year loan will help ENOC fund new projects and expansion plans

Oil output freeze by Saudi, Russia to have 'miniscule' impact on oversupply

Global oil market will return to surplus in early 2017 – IEA

The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day

Saudi Electricity invites global bids for two solar plants

Each plant will generate up to 50MW using photovoltaic technology

Iran says 80% of oil contracts with Europe are operational

Iran plans to sell 600,000 to 800,000 barrels per day to European buyers

IMF warns GCC governments to up deficit reduction measures

The fund said an additional substantial deficit reduction effort is required in the region

UAE’s ENEC confirms unit one of nuclear plant over 84% complete

UAE nuclear energy body ENEC launches operating subsidiary

The new entity, Nawah, will operate and maintain Units 1 to 4 in Barakah

Abu Dhabi’s TAQA announces departure of COO

Edward LaFehrhe was the company’s highest ranking executive after the CEO position was made defunct

Dubai launches world’s largest concentrated solar power project

The 1000MW project will include five individual facilities

OPEC+meeting

Saudi considers surprise oil production cap ahead of OPEC meeting

OPEC officials meet in Vienna today

Peak oil demand expected after 2050, if prices stay under $100

New report by Bank of America Merrill Lynch says transport demand will determine peak

Iran denies oil discount rumours

UAE economy minister says $60 oil possible in the summer

Oil prices rose above the $50 mark for the first time this year last Thursday

UAE hikes June fuel prices

Petrol prices have been raised by over 4 per cent while diesel rates are up 10.6 per cent

Oil hits $50 for the first time in 2016

Supply disruptions and increasing US demand have been cited for the increase

Kuwait gives in to pay rise demands from oil union

Kuwaiti oil and gas workers went on strike for three days in April

Iran denies oil discount rumours

Iran has no plans to freeze oil exports, official says

A meeting of the OPEC exporters’ group, including Iran, is scheduled for June 2

Saudi Aramco, SABIC deny plans to merge petrochems

Media reports had hinted at the possibility of the two companies merging their petrochemicals businesses

Abu Dhabi’s ADNOC cutting 5,000 jobs – report

Many companies in the Gulf are trying to cut costs as low oil prices slow economic growth

Mistui, ACWA consortium wins Oman’s largest power project

The 3,319 MW Ibri Sohar-3 power generation scheme is expected to generate 30 per cent of Oman’s electricity

Abu Dhabi National Oil Company reshuffles leadership

The firm has appointed new chief executives for six of its 18 operating units

Why the oil rally is losing momentum

Crude prices are struggling to rise despite signs of demand growth, says Reuters columnist John Kemp

June OPEC meet to focus on dialogue, not market action – Kuwait

An earlier plan to agree on measures to stabilise soaring oil production failed during talks in Doha in April

Iranian oil tankers to begin shipping to Europe

Nuclear-related sanctions had kept Iranian tankers from European waters for five years

Saudi Aramco prepares for global expansion as IPO looms

Saudi Arabia is expected to sell up to 5 per cent of Aramco via an IPO

Iranian oil minister accuses Saudi Arabia of undercutting prices

Bijan Namdar Zanganeh’s comments were carried by state-run Tasnim News Agency

Iran to store oil reserves in caves

Iranian Oil Terminals Company managing director Pirouz Mousavi confirmed the move on Friday, according to report

Chinese, French firms among bidders for Dubai’s solar park

DEWA said there were five bidders interested in the solar park’s third phase

Maersk says risks losing Qatar field, its largest oil asset

Maersk Oil has been operating the Al Shaheen field since 1992

UAE’s Dana Gas Q1 net profit halves, hit by energy price drop

Dana’s first-quarter revenue was $82m, down from $115m

Abu Dhabi TAQA says not in talks to sell oil/gas assets

Reports had suggested that TAQA was mulling the sale of overseas assets