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Category: United Arab Emirates

  • Home
  • Middle East
  • United Arab Emirates
Category:
  • United Arab Emirates

Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout

The United Arab Emirates’ state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks Continue Reading

Posted On : 17 Jul 2019 Published By : Tom Whipple
Category:
  • United Arab Emirates

War risk costs drag on UAE marine fuel sales, benefit Singapore: trade sources

Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates’ (UAE) Continue Reading

Posted On : 17 Jul 2019 Published By : Tom Whipple
Category:
  • United Arab Emirates

Gulf Arab Countries Back UAE To Protect Oil Interests

The Arab countries of the Persian Gulf expressed solidarity with Saudi Arabia and the United Arab Emirates (UAE), supporting all measures that their two allies take to protect their security Continue Reading

Posted On : 1 Jun 2019 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE To Build World’s Largest Underground Oil Storage Facility

The Abu Dhabi National Oil Company (ADNOC) and South Korea’s SK Engineering and Construction Co. Ltd (SKEC) signed an agreement on Wednesday to build the world’s single largest underground oil Continue Reading

Posted On : 28 Feb 2019 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE light oil posts longest discount run since 2017 as Asian buyers switch

Abu Dhabi’s flagship Murban crude has sold at a discount in Asia to its official selling price (OSP) for four straight months – the longest stretch in nearly two years Continue Reading

Posted On : 25 Feb 2019 Published By : Tom Whipple
Category:
  • Oil Supply
  • United Arab Emirates

UAE oil minister expects oil market to reach balance in first quarter

The oil market should reach a balance between supply and demand in the first quarter of this year, United Arab Emirates’ Oil Minister Suhail Al Mazrouei told Al-Arabiya television on Continue Reading

Posted On : 11 Feb 2019 Published By : Tom Whipple
Category:
  • Energy Storage
  • United Arab Emirates

UAE Sets Record For Largest ‘Virtual’ Battery

The United Arab Emirates have a reputation for innovative investments, so it was only a matter of time—and after a recovery in oil prices—before the Gulf state started making headlines Continue Reading

Posted On : 1 Feb 2019 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE energy minister says it is an important year for diversifying energy mix

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Twitter on Wednesday that 2019 was an important year for the country as it moves ahead with diversifying its energy mix. Continue Reading

Posted On : 10 Jan 2019 Published By : Tom Whipple
Category:
  • Abu Dhabi
  • Bahrain
  • United Arab Emirates

Arab Energy Firms Set To Boost Borrowing After Oil Prices Crashed

Energy companies in the Arab countries in the Persian Gulf may resume issuing more debt and borrowing more money for expansion plans after oil prices plunged by 40 percent from Continue Reading

Posted On : 1 Jan 2019 Published By : Tom Whipple
Category:
  • United Arab Emirates

Is This The New Swing Producer In The Middle East?

The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. sanctions on Iranian oil. The UAE, Continue Reading

Posted On : 14 Dec 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE Boosts Production, Introduces New Crude Blend

The Abu Dhabi National Oil Company (ADNOC), the producer of nearly all of the oil in the UAE, began producing and exporting a new crude grade, Umm Lulu, in October, Continue Reading

Posted On : 19 Oct 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE to pump more oil in Oct, Nov to meet customers’ needs: energy minister

The UAE expects to produce more oil in October, November to meet its customers’ requirements after having increased production in the third quarter, energy minister Suhail al-Mazrouei said Thursday. Receive Continue Reading

Posted On : 11 Oct 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

OPEC’s No.4 Vows To Boost Spare Oil Capacity

OPEC and allies snubbed calls from U.S. President Donald Trump to lower oil prices, saying on Sunday that they are satisfied with the “overall healthy balance between supply and demand.” Continue Reading

Posted On : 26 Sep 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE Ramping Up Oil Production To 3 Million Bpd

The United Arab Emirates (UAE) is ramping up production at a newly operational offshore field, aiming to boost its total output to around 3 million bpd, S&P Global Platts reported Continue Reading

Posted On : 6 Sep 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE’s July crude production hits one-year high: source

The UAE boosted its crude production by about 85,000 b/d in July, an industry source familiar with the country’s oil operations told S&P Global Platts, as OPEC loosens the taps Continue Reading

Posted On : 1 Aug 2018 Published By : Tom Whipple
Category:
  • China
  • United Arab Emirates

China probing emerging UAE reserves

The state oil company in Abu Dhabi said it signed contracts with a Chinese counterpart to carry out the world’s largest surveys for new hydrocarbon reserves. The Abu Dhabi National Continue Reading

Posted On : 21 Jul 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

U.A.E. joins OPEC members with commitment to more oil output

The United Arab Emirates became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production on Tuesday. Members of the Organization Continue Reading

Posted On : 4 Jul 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE’s ADNOC Can Lift Oil Production By ‘Several Hundred Thousand’ Bpd

The Abu Dhabi National Oil Company (ADNOC) has the ability to raise its oil production by “several hundred thousand” barrels per day, the state-run oil firm of the United Arab Continue Reading

Posted On : 4 Jul 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

Sharjah launches oil and gas licensing round as it looks to plug gas deficit

Sharjah, the second-most populous emirate in the UAE has been subjected to repeated power cuts in the past. ( Pawan Singh / The National ) For Stock Sharjah has launched Continue Reading

Posted On : 27 Jun 2018 Published By : Tom Whipple
Category:
  • OPEC
  • United Arab Emirates

UAE energy minister says oil market moving ever closer to becoming rebalanced

United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry.  Mazrouei, who Continue Reading

Posted On : 19 Jun 2018 Published By : Tom Whipple
Category:
  • OPEC
  • United Arab Emirates

UAE energy minister says efforts to rebalance oil market are ‘progressing well’

United Arab Emirates Energy Minister Suhail al-Mazroui said on Tuesday that OPEC and non-OPEC efforts to rebalance the oil market and encourage oil investment “are progressing well”.   “OPEC is a Continue Reading

Posted On : 9 May 2018 Published By : Tom Whipple
Category:
  • OPEC
  • United Arab Emirates

UAE says top oil producers committed to supply cuts until year end

All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said on Monday. UAE’s Oil Continue Reading

Posted On : 23 Apr 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

OMV next in line to tap U.A.E. offshore

Austrian energy company OMV spends $1.5 billion to take a minority stake in oil fields of the coast of the United Arab Emirates. File Photo by tcly/Shutterstock April 6 (UPI) Continue Reading

Posted On : 7 Apr 2018 Published By : Tom Whipple
Category:
  • China
  • United Arab Emirates

China takes minority stake in oil offshore United Arab Emirates

China is the next in line to take a stake in license areas off the coast of the United Arab Emirates, following European companies into the region. File photo by Continue Reading

Posted On : 22 Mar 2018 Published By : Tom Whipple
Category:
  • Qatar
  • United Arab Emirates

UAE, Qatar Warily Extend Joint Oilfield Concession

The United Arab Emirates and Qatar have extended a concession for an offshore oilfield that the two share—but warily, since the UAE is part of a regional blockade against Qatar, Continue Reading

Posted On : 14 Mar 2018 Published By : Tom Whipple
Category:
  • Japan
  • United Arab Emirates

Japan’s INPEX inks agreement for Emirati oil

For the next 40 years, Japanese energy company INPEX said it would play a role in the development of oil reserves off the coast of the United Arab Emirates.  INPEX said Continue Reading

Posted On : 27 Feb 2018 Published By : Tom Whipple
Category:
  • United Arab Emirates

Platts Releases Blockchain For Oil Inventory Data In the UAE

S&P Global Platts released a blockchain-based product that “will allow market participants to submit weekly inventory oil storage data” to the United Arab Emirates’ Fujairah Oil Industry Zone (FOIZ) and Continue Reading

Posted On : 23 Feb 2018 Published By : Tom Whipple
Category:
  • OPEC
  • United Arab Emirates

UAE says OPEC, allies to announce exit strategy from oil cuts in June

United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Monday that OPEC and non-OPEC oil producers plan to announce in June an exit strategy from global supply cuts, Continue Reading

Posted On : 12 Dec 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

The UAE Plans The Last Few Decades Of Its Oil Game

Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with its Continue Reading

Posted On : 30 Nov 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

Emirati oil production could increase by 1 million barrels per day

Oil production from a field tapped from artificial islands off the Emirati coast could jump to 1 million barrels per day by 2024, partners said Tuesday. Abu Dhabi National Oil Continue Reading

Posted On : 15 Nov 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE to keep cutting oil output to comply with global deal: minister

The United Arab Emirates will continue to reduce its oil output to meet its commitment to a global oil production cut agreement, its Energy Minister Suhail al-Mazroui said.  “As part Continue Reading

Posted On : 31 Oct 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

United Arab Emirates, an OPEC member, eyes more oil production

Bringing new partners to the offshore sector could support the effort to boost production to 3.5 million barrels per day, the Abu Dhabi National Oil Co. said. The company, known Continue Reading

Posted On : 9 Aug 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE September crude cut should be model for others: energy minister

DUBAI (Reuters) – The United Arab Emirates’ energy minister said on Wednesday that he hoped a decision by Abu Dhabi National Oil Co (ADNOC) to cut crude allocations by 10 Continue Reading

Posted On : 26 Jul 2017 Published By : Tom Whipple
Category:
  • Qatar
  • United Arab Emirates

Three Years Into Cheap Oil, Gulf Is Still Depending on a Rebound

Low prices combined with output cuts are weighing on growth Isolation of Qatar has added to perception of regional risks Energy-rich Gulf Arab nations have scrambled to adjust to the Continue Reading

Posted On : 20 Jul 2017 Published By : Tom Whipple
Category:
  • Qatar
  • United Arab Emirates

Qatar won’t cut gas to UAE: Qatar Petroleum CEO

Saad al-Kaabi, chief executive of Qatar Petroleum, gestures during a news conference in Doha, Qatar, December 11, 2016. Qatar will not cut off gas to the United Arab Emirates despite Continue Reading

Posted On : 19 Jun 2017 Published By : Tom Whipple
Category:
  • OPEC
  • United Arab Emirates

OPEC compliance with oil curbs rises in March as UAE joins cut: survey

OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies Continue Reading

Posted On : 30 Mar 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

U.A.E. Says $50 Oil ‘Isn’t Going to Cut It’ for Producers

Crude oil at $50 a barrel is too low for most producing countries, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. Prices have climbed almost 20 percent to Continue Reading

Posted On : 12 Jan 2017 Published By : Tom Whipple
Category:
  • Kuwait
  • Saudi Arabia
  • United Arab Emirates

Kuwait Says Saudi Arabia to U.A.E. Comply With OPEC Output Cuts

Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Continue Reading

Posted On : 9 Jan 2017 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE’s ADNOC to cut January oil supplies to Asia; Kuwait, Oman to follow

Abu Dhabi National Oil Company on Tuesday said it would cut crude supplies by 3-5 percent across its three export grades to meet commitments under an OPEC deal to curb Continue Reading

Posted On : 14 Dec 2016 Published By : Tom Whipple
Category:
  • Qatar
  • Saudi Arabia
  • United Arab Emirates

Oil slump prompts Gulf states to take shine off cushy government jobs

Ahmed, a Qatari civil servant, used to arrive at his office at a government ministry in Doha late in the morning and leave for home after lunch, collecting a monthly Continue Reading

Posted On : 12 Dec 2016 Published By : Tom Whipple
Category:
  • Shale Oil
  • United Arab Emirates

UAE Oil Minister: We Expect No Significant U.S. Shale Output Growth Anytime Soon

Suhail Al-Mazrouei UAE’s Oil Minister Suhail al-Mazrouei said in a TV interview he did not expect any “significant growth” in shale oil output anytime soon, despite higher oil prices resulting Continue Reading

Posted On : 8 Dec 2016 Published By : Tom Whipple
Category:
  • Africa
  • Nigeria
  • United Arab Emirates

Emirates May Quit African Cities Over Dollar Debts From Low Oil

Nigeria, other states withholding payments to foreign airlines CEO says ‘not a good idea’ to carry on serving offender states Persian Gulf airline Emirates said it could scrap flights to Continue Reading

Posted On : 19 Oct 2016 Published By : Tom Whipple
Category:
  • United Arab Emirates

Dubai Kicks Off Construction of World’s Tallest Building—Again

Construction on what will be the world’s tallest building by 2020 has officially started in Dubai, home to Burj Khalifa, currently world’s tallest man-made structure. The new tower sets another Continue Reading

Posted On : 11 Oct 2016 Published By : Tom Whipple
Category:
  • United Arab Emirates

U.A.E. Energy Minister Sees Oil Price `Correction’ by Year-End

The United Arab Emirates foresees a “correction” in crude prices by the end of the year, and the OPEC member has yet to receive an invitation to a possible meeting Continue Reading

Posted On : 7 Mar 2016 Published By : Tom Whipple
Category:
  • United Arab Emirates

Biggest U.A.E. Bank Says Dollar Supply Tightening Amid Oil Drop

National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, said the supply of dollars in the country is drying up as the region grapples with the impact Continue Reading

Posted On : 2 Mar 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • United Arab Emirates

U.A.E. Says Oil Collapse Will Force All Producers to Cap Volumes

The oil-price collapse will compel all producers to freeze output and no early OPEC meeting can take place without such a move, the United Arab Emirates’ energy minister said.  “This Continue Reading

Posted On : 1 Mar 2016 Published By : Tom Whipple
Category:
  • Kuwait
  • Oman
  • Qatar
  • United Arab Emirates

Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says

Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region faces slowing growth, rising rates and rating downgrades, according to Continue Reading

Posted On : 29 Feb 2016 Published By : Tom Whipple
Category:
  • United Arab Emirates

UAE says supports production freeze deal if supported by all OPEC and Russia

UAE’s Oil Minister Suhail Mohamed Al Mazrouei is accompanied by plaintclothes police as he arrives at his hotel ahead of a meeting of OPEC oil ministers in Vienna, Austria, December Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • India
  • United Arab Emirates

UAE Offers India Free Oil To Ease Storage Woes

In an oil sector first, the oil-rich United Arab Emirates (UAE) has offered free oil to India in return for a storage deal at India’s planned underground facility as the Continue Reading

Posted On : 16 Feb 2016 Published By : Tom Whipple
Category:
  • United Arab Emirates

As Oil Profits Plunge, Gulf Regimes Weigh the Unmentionable: Taxes

Dubai’s year-round sunshine and near-zero taxes have been easy sells for foreign investors and expatriate workers. Oil’s plummet below $30 a barrel might change that for the glitzy emirate and Continue Reading

Posted On : 11 Feb 2016 Published By : Tom Whipple

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