Attacks on Oil Tanker near Iran has unexpected effects on Japan

The Strait of Hormuz, the world’s most significant oil chokepoint, is famously minor. On Thursday, Japan was stuck right amidst it. Promptly in the day, two tankers were supposedly assaulted in the... Read more »

Oil prices firm but concerns grow about demand

Benchmark Brent crude was at $61.30 a barrel at 1152 GMT, up 67 cents or 1.1 percent. US West Texas Intermediate crude fetched $52.05, up 37 cents or 0.7%. On Wednesday, the... Read more »

Extent of seriousness of the upcoming oil crisis following Iran’s exit

The elimination by the United States of its sanctions-abandonment for Iran’s oil has been followed by a chain of actions that, according to it, are a reply to the alleged Iranian threat.... Read more »

Enoc expansion set to create 6,200 jobs in UAE

The Dubai-headquartered fuel retailer is currently operating 129 service stations in the UAE and 14 in Saudi Arabia, taking its tally to 191 across the UAE by 2020 and 124 in KSA... Read more »

Dubai’s Enoc to invest over Dh2 billion across UAE, Saudi Arabia

Emirates National Oil Company (Enoc) said it plans to invest close to Dh2.2 billion over the next 10 years to expand its retail presence in the UAE and Saudi Arabia as it... Read more »

UAE Received Qatar LNG Shipment After Outage On Pipeline

A noteworthy gas pipeline from Qatar to the United Arab Emirates, Dolphin, encountered a blackout for a few days a month ago and Qatar filled the hole with extra condensed gas supplies,... Read more »

UAE Indicates Its Supporting For Reducing Oil Production

The United Arab Emirates’ vitality serve says he doesn’t think loosening up the oil creation cuts set up is the correct measure. Suhail al-Mazrouei addressed correspondents Sunday on the sidelines of a... Read more »

Sahara Energy Announces Refinery Project in UAE In Partnership With BPGIC

Sahara Energy Resources DMCC Dubai and Brooge Petroleum and Gas Investment Co have consented to an organization arrangement to set up a petroleum treatment facility fit for creating dugout fuel in the... Read more »