Even though OPEC+ had pledged to cut output by 100,000 b/d in October, the alliance hiked production by 220,000 b/d instead, as several members recovered lost barrels by outages and maintenance, a survey by S&P Global Commodity Insights reported. Sharp production increases from Kazakhstan, Russia and Iraq were offset by losses in Saudi Arabia and […]
ANALYSIS
Posted inNews
Wildly diverging paths ahead for oil and gas markets
With an expected demand surge in China, COP27 in Egypt, and the next OPEC meeting in December, the near-term uncertainty of oil and gas markets makes it incredibly difficult to think further out
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Posted inNews
Why should energy investors come to the UAE?
In an exclusive video interview, HE Osama Amir Fadhel, assistant undersecretary at the Ministry of Industry and Advanced Technology (MoIAT), talked to Oil & Gas Middle East about the ‘Make it in the Emirates’ campaign and why potential investors should explore opportunities in the UAE’s industrial sector, especially in the clean energy industry. Led by […]
Posted inEnergy Transition
COP 27: Energy transition not ‘flip of a switch,’ but attainable with practical solutions, Al Jaber says
The world must focus on driving down emissions and accelerating investment in new clean energy systems, Al Jaber said
Posted inNews
Q&A: NPCC CEO discusses EPC activity, energy transition
Oil & Gas Middle East spoke to the head of NPCC about the company’s ongoing projects and growth plans
Posted inNews
Opinion: How Middle East oil companies should respond to higher oil prices
The recent surge in the oil price is an opportunity for National Oil Companies (NOCs) in the Middle East to reinforce their commitment to transformation. For the moment, profits are plentiful and providing ample funding to their host governments’ budgets. However, the long term pressure on the oil price remains significant and there are no […]
Posted inNews
Is an oil war on the horizon?
While US has accused Saudi Arabia of siding with Russia after OPEC+ cuts, Saudi Arabia has firmly denied the accusations, noting that the oil cut is ‘purely economic’
Posted inNews
Why should EPC contractors reposition themselves?
In an exclusive interview, EPC expert discusses why choices made by EPC players over the next 3 to 5 years will determine whether they outperform or perish
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