Oil price could touch $100 on supply crunch, says Citi

Oil prices are likely to be “biased to the upside” for the rest of the.

Saudi Arabia has kept initial public offering of its state oil company on hold

In the last four months, investor optimism that global crude prices will increase has slumped.

UAE inks deal to build oil pipeline connecting Ethiopia and Eritrea

The UAE recently signed an agreement to build a pipeline connecting Ethiopia to the Eritrean.

TAQA’s profits soar fivefold following a surge in crude prices

  Abu Dhabi National Energy Co (TAQA) reported an almost fivefold jump in profit after.

Kuwait: OPEC and non OPEC agreement causes global oil stability, says Al Rashidi

In the latest statement given by the Kuwaiti oil minister Bakhit al-Rashidi, the recent OPEC.

Saudi Arabia pumps record volumes of crude oil to meet consumer demand

Excessive production by Saudi Arabia to meet consumer demand led to OPEC’s output being increased.

Oil production may increase further

The agreement by OPEC members in June to increase oil production by up to as.

Two oil tankers handled by the Saudi shipping group Bahri were attacked by Houthi rebels in the Red Sea

Two oil tankers handled by the Saudi shipping group Bahri, each with a two million.

Increasing oil prices bring back Gulf hospitality sector momentum for Expo 2020 Dubai, says report

The GCC’s hospitality sector is expected to gain positive momentum as a result of recovering.

Oman’s net oil revenue rises 34.8 % thanks to surge in crude oil rates

The recovery in the price of crude oil lead to a 46.2 reduction in Oman’s.