Will Donald Trump Come to the Aid of Oil Companies Amidst Demand Slump?

Highlights: Democrats slam the idea of bailing out oil companies Brent Crude oil fell 24% on Monday Russia’s Energy Minister last week had walked out from a meeting chaired by OPEC to... Read more »

Corona impacts Reliance as Mukesh Ambani gets dethroned by Jack Ma

Chinese business tycoon, the founder of Alibaba group Jack Ma took over the crown of Asia’s richest from Mukesh Ambani, head honcho of Reliance Industries Limited (RIL). This news resulted after the... Read more »
Oil yield fell

Oil yield fell, and so did the growth expectations

Enlarged oil generation cuts are bringing down the expectations for development in Gulf economies, a quarterly Reuters survey of around 30 market analysts appeared on Wednesday. Supply slices to help costs driven... Read more »

Iran claims that the navy came to help the oil tanker that went missing

A little oil tanker from the United Arab Emirates going through the Strait of Hormuz entered Iranian waters and killed its tracker two days back, driving the U.S. to presume Iran held... Read more »

Attacks on Oil Tanker near Iran has unexpected effects on Japan

The Strait of Hormuz, the world’s most significant oil chokepoint, is famously minor. On Thursday, Japan was stuck right amidst it. Promptly in the day, two tankers were supposedly assaulted in the... Read more »

Oil prices firm but concerns grow about demand

Benchmark Brent crude was at $61.30 a barrel at 1152 GMT, up 67 cents or 1.1 percent. US West Texas Intermediate crude fetched $52.05, up 37 cents or 0.7%. On Wednesday, the... Read more »

Extent of seriousness of the upcoming oil crisis following Iran’s exit

The elimination by the United States of its sanctions-abandonment for Iran’s oil has been followed by a chain of actions that, according to it, are a reply to the alleged Iranian threat.... Read more »

Enoc expansion set to create 6,200 jobs in UAE

The Dubai-headquartered fuel retailer is currently operating 129 service stations in the UAE and 14 in Saudi Arabia, taking its tally to 191 across the UAE by 2020 and 124 in KSA... Read more »

Dubai’s Enoc to invest over Dh2 billion across UAE, Saudi Arabia

Emirates National Oil Company (Enoc) said it plans to invest close to Dh2.2 billion over the next 10 years to expand its retail presence in the UAE and Saudi Arabia as it... Read more »