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Tue, 02 Dec 2008 | 05:24 GMT
 
Top Oil & Gas News

  • OPEC Chief: Cartel May Decide 'Major' Output Cut


    OPEC will decide on a "major" output cut next month if the oil market is deemed to be deteriorating, the cartel's secretary general Abdalla Salem El-Badri said. AFP - 01Dec 09:07GMT
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  • Kuwait Revalued JV With Dow Chemicals Down By $4B


    Kuwait has revalued a $20 billion joint venture with Dow Chemical down to $16 billion. KPC has sent a delegation to the United States to renegotiate the deal, now expected to come in at around $16 billion Kuwait Times - 01Dec 06:11GMT
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  • OPEC to slash December output: secretary general


    The Organisation of Petroleum Exporting Countries (OPEC) will cut its December production by a "good amount," its secretary general Abdalla Salem El-Badri said. AFP - 01Dec 05:58GMT
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  • Oil Down In Asia As OPEC Maintains Output Quota


    World crude prices weakened in Asia Monday after the OPEC oil cartel maintained existing production quotas at a weekend meeting amid a global downturn, dealers said. AFP - 01Dec 04:01GMT
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  • Jordan receives 700,000 barrels of Iraqi oil in 2 months


    Iraqi crude oil received by Jordan during the period between September 23 and November 29 reached 700,00 barrels, on a rate of 10,000 barrels per day (bpd), carried in 42 tanks, according to the CEO of the company that implements oil transport from Iraq to Jordan. Aswat Aliraq - 30Nov 10:48GMT
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  • Iran says oil market oversupplied by two million bpd


    Crude producer Iran said on Sunday that the world oil market is oversupplied by two million barrels a day after OPEC decided to leave its oil output quota unchanged amid falling prices. AFP - 30Nov 09:57GMT
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  • Iran urges OPEC to stem oil price fall


    Iran's Oil Minister Gholam-Hossein Nozari in Cairo Saturday evening called for cooperation to stem the tumbling crude prices. IRNA - 30Nov 09:30GMT
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  • Low Oil Prices Depress Saudi Foreign Asset Growth


    Saudi Arabia's foreign assets gained about SR48 billion (Dh47bn) in October, but the growth was far lower than in previous months due to a plunge in oil prices, according to official Saudi figures. Emirates Business 24/7 - 30Nov 07:56GMT
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  • Saudi King says fair price for oil $75 a barrel


    Custodian of the Two Holy Mosques King Abdullah said Saudi Arabia's economy was in excellent condition and that it had only suffered from the panic that gripped the world following the economic meltdown elsewhere. Arab News - 30Nov 06:38GMT
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  • Petrochemical chiefs to discuss challenges


    The global financial crisis will be a key topic for discussion when petrochemical industry leaders gather at the third annual forum of the Gulf Petrochemicals and Chemicals Association (GPCA) on Wednesday and Thursday at the Atlantis Hotel. Gulf News - 30Nov 05:02GMT
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 Aramco To Freeze Dammam Field Project
 
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Sources confirm Saudi ARAMCO's intention to put on hold plans for Al Dammam field - 01Dec
 
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Community Buzz

Stories in Oil & Gas

 

Companies in Oil & Gas

Most viewed companies by Community in the last 24 hrs
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Aabar Investments UAE Investment Companies - Oil and Gas
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Abu Dhabi National Oil Company UAE Oil
Abu Dhabi Oil Refining Company UAE Oil
Qatar Petroleum Qatar Oil
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Burullus Gas Company Egypt Gas
 

Projects in Oil & Gas

Most viewed projects by Community in the last 24 hrs
Project Name Country Sector
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) UAE Oil and Gas
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ADCO - SAS Field Development UAE Oil and Gas
Takreer - Ruwais Refinery Expansion UAE Oil and Gas
QP - Al Shaheen Refinery Qatar Oil and Gas
Salalah Methanol Plant Oman Petrochemicals
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JRPC - Jubail Refinery and Petrochemical Complex Saudi Arabia Oil and Gas
KNPC - Al Zour Refinery - Package 1 (Process Plant) Kuwait Oil and Gas
 
 
 
 
Zawya Network
 
Market Metrics
 
ICE Brent $/bbl
48.19
NYMEX WTI $/bbl
48.76
OPEC Basket $/bbl
47.73
Nat. Gas $/MMBtu
6.53
Products
 
ICE Brent (Futures)
BRI-
Pct Change
 - 11.58%
Net Change
 - 6.31
YTD Change
 - 48.75%
» Charting 21:50 GMT 01Dec
NYMEX WTI (Futures)
NYMWTI-
Pct Change
 - 10.42%
Net Change
 - 5.67
YTD Change
 - 49.21%
» Charting 22:25 GMT 01Dec
OPEC Reference Basket
OBP-
Pct Change
 - 4.43%
Net Change
 - 2.21
YTD Change
 - 47.45%
» Charting 16:05 GMT 13Nov
NYMEX Nat. Gas (Futures)
NYMNGS-
Pct Change
+ 0.69%
Net Change
+ 0.05
YTD Change
 - 12.74%
» Charting 23:50 GMT 01Dec
NYMEX (¢/gal)
Heating Oil
162.22
 01Dec23:50
Unleaded
110.90
 01Dec23:50
Propane
67.75
 01Dec22:25
 
ICE ($/MT)
Gas Oil
530.25
 01Dec22:25
All times expressed in GMT
 
 
Zawya Select
ZawyaSelect
Production Cuts
The Opec oil cartel has paved the way for a third round of production cuts in mid-December.
 
 
Tough Times
OPEC, suffering from plummeting oil prices, faces further pain next year as a worldwide recession dampens demand for crude even more..
 
 
UAE
New Heights
The 37 years since UAE's formation have witnessed unprecedented growth and development. And the future is positive. Emirates Business considers what the next 37 years hold for the UAE.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 41,656
2 Industries Qatar Qatar 11,719
3 Saudi Arabian Fertilizer Company Saudi Arabia 6,108
4 Rabigh Refining and Petrochemical Company Saudi Arabia 3,906
5 Saudi Kayan Petrochemical Company Saudi Arabia 3,845
» View Full List
 
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