The report notes the effect of a number of geopolitical issues leading up to the second quarter of 2014, when crude supply began to overtake total demand resulting in an imbalance that reached 1.5 million barrels per day in 2015.
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Crescent Petroleum executive joins Giving Pledge initiative
Badr Jafr makes commitment to give away much of his wealth to charitable causes.
Dana Gas receives $40mn from Egyptian government
UAE based natural gas producer has now received almost $90mn so far this year from the North African nation.
Rosneft, Kurdistan Regional Government ink gas business development agreement
Under the agreement, the parties will elaborate an integral plan to progress the gas business within the Kurdish region of Iraq.
Honeywell opens new centre in Kuwait to demonstrate oil and gas technologies
New centre highlights how technologies can drive more safety, reliability, efficiency and profitability across Kuwait’s energy sector.
Cover story: Disrupting the status quo
Dietmar Siersdorfer, CEO Siemens Middle East and UAE, explains how new innovations are set to impact the global oil and gas industry
90 bids received for Kirkuk oil pipeline, Al Luabi says
Iraq’s Oil Minister evaluating strong interest in key pipeline project in north of the country.
Kuwait Oil Minister suggests production cuts will continue
Bakheet Al Rashidi tells reporters that the ongoing cutbacks will be assessed at OPEC meeting in June.
Special Report: Oil & Gas Middle East Power 40 31-40
Oil & Gas Middle East presents its annual list of the upstream sector’s most influential figures
Special Report: Oil & Gas Middle East Power 40 21-30
Oil & Gas Middle East presents its annual list of the upstream sector’s most influential figures