If it does not clear the deal, the Commission can open an investigation of up to five months
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Brooge Petroleum plans huge oil storage expansion in Fujairah
Brooge’s crude storage capacity in Fujairah will increase six-fold after the expansion is complete…
Coronavirus will have “very limited impact” on demand: Saudi energy minister
Despite worries about a dip in oil consumption, Prince Abdulaziz bin Salman likened the coronavirus outbreak to SARS in 2003, which he says did not heavily impact demand
McDermott restructures debt and files Chapter 11 bankruptcy
The company expects the restructuring to eliminate $4.6bn debt
Coronavirus threatens demand, says Saxo Bank commodity head
Ole Hansen, head of commodity strategy for Saxo Bank, comments on the turbulent start to 2020
North America incurs highest crude oil refinery maintenance globally in 2019, says GlobalData
Asia was the secon-highest region in terms of crude oil refinery capacity
Sharjah National Oil Company makes first gas discovery in three decades
The Mahani-1 exploration well, located in the Area B Concession, is the first exploration well drilled by SNOC following the acquisition of a new 3D seismic survey
Oil prices continue to drop on coronavirus fears
Worries about an impact on demand in China have sent prices crashing
US sanctions UAE entity for facilitating Iran oil trade
It also sanctioned companies in Hong Kong and Shanghai for what it says were deals worth hundreds of millions of dollars
Kuwait will restart Wafra oil production in neutral zone by March
Wafra and Khafji fields can produce up to 500,000 barrels per day combined