The newspaper did not elaborate on when the government might reach a conclusion on the issue, and it did not give details of the possible reform
The Venezuelan leader said that he had also suggested to Qatar’s emir that non-OPEC countries, take part in future OPEC meetings
Oil prices dropped to their lowest level in over six years last week
Aramco said the fire broke out in a basement of the Radium residential compound in Al Khobar
Oil prices remain challenged by over-supply in the market and the likelihood of decreased demand from China
Two prototype palms have been installed – one at a beach near the Burj Al Arab hotel and the other at Zabeel Park
The price of one litre of octane 95 gasoline will cost Dhs 1.96 from September 1
The group will require approval from all countries to execute any market regulating measures, the official said
Qatar is working more closely with trade houses who are focused on short-term deals, often in riskier markets, while also lowering its price expectations
Rosneft, the world’s top listed oil company by output, is in talks with Mubadala to jointly develop two projects
Brent oil touched an intraday low of $43.28, its weakest since March 2009
U.S. oil prices fell below $40 a barrel on Friday for the first time since the 2009 financial crisis, pressured by signs of oversupply in the United States and weak Chinese manufacturing data
Oil has dropped to six-year lows, less than half mid-2014 levels
The new city will be built around energy-related industries, a source said
The fire at the heavy oil cracking unit at Kuwait’s 200,000 barrel-per-day Shuaiba refinery broke out last Monday
The project, known as System A, will involve building processing facilities, wellheads and pipelines for gas in Turaif
The deal stipulates that Egypt pay Aramco within a year
The majority of car owners in the UAE said they might restrict unnecessary trips to malls and parks to off set higher fuel prices
More than 1,100 local firms have been contracted for the delivery of products and services at the Barakah nuclear plant in Abu Dhabi
Yasser Mufti, head of mergers and acquisitions at Aramco, will replace Said al-Hadrami, sources said
A fire at the 200,000 barrel-per-day Shuaiba refinery forced a total shutdown on Monday
No casualties were reported due to the fire at the refinery
Abu Dhabi currently provides 9 per cent of India’s energy needs
The sultanate has been ramping up oil production despite a global supply glut that has hit oil prices as it hopes to compensate for the drop in oil revenues
The company made a net profit of Dhs 25m ($6.8m) for the three months to June 30
The current supply overhang is expected to persist through 2016, the organisation said
The lender forecast oil prices could increase thanks to an improved supply-demand balance
Oil prices are already under pressure, in part from an oversupply of fuels produced by refiners enjoying healthy margins from cheap crude
The IMF estimated that the UAE’s reform would save it about $500m by the end of this year
Rising spending and falling oil revenues have created a state budget deficit which the International Monetary Fund projects at 20 per cent of GDP this year