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Latest United Arab Emirates OPEC News

  • Calm in Middle East reason for fall in oil prices: experts 24 Jul 2008 16:36 GMT
    ... From correspondents in Emirates, United Arab Emirates, 08:31 PM IST The ... and noted that the United Arab Emirates (UAE) actually opted to curb its production. UAE oil giant Abu Dhabi National Oil Company (ADNOC) announced this week ...

  • Protectionism goes into reverse 24 Jul 2008 10:56 GMT
    ... as the Organization of Petroleum Exporting Countries (OPEC) works more or less like a combination ... prices. Saudi Arabia and the United Arab Emirates (UAE) are looking to Asia and Africa as ...

  • As oil price rose, exporters cut shipments 24 Jul 2008 08:57 GMT
    ... The world's top oil producers are currently proving ... largest petroleum exporters— Saudi Arabia, United Arab Emirates, Iran, Kuwait, Iraq and Qatar— curbed their shipments by 544,000 barrels a day. ... a greater role. Three of the four non-OPEC players among the top 15 oil exporters ...

  • Texas Oil Tycoon Urges US to Reduce Dependence on Foreign Oil 23 Jul 2008 22:16 GMT
    ... Jul 23, 2008 (Voice of America News/ContentWorks via ... Qatar, Saudi Arabia, and the United Arab Emirates, and that these countries are working to ... natural gas cartel that will rival the Organization of the Petroleum Exporting Countries, or OPEC. "This is a spectacularly bad ...

  • UAE, Bahrain petchem co sign carbon capture deal 23 Jul 2008 12:53 GMT
    ... DUBAI, July 23 (Reuters) - Abu Dhabi's Masdar has signed a deal with Bahrain's ... clean energy. It aims to put the emirate of Abu Dhabi, holder of 90 percent ... of the future energy industry. OPEC-member the UAE is the world's fifth-largest oil exporter and ...

  • Dubai's Oil Boom Financial Centre Heading for Bust? 23 Jul 2008 11:50 GMT
    ... qualities that catch an investor's eye. The emirate has the world's only (self-proclaimed) 7-star hotel. Dubai also is home to the ... of the Middle East, and for the (UAE), the oil-rich federation of which Dubai is ... down to a more reasonable level. Assuming OPEC doesn't intercede and act to keep prices ...

  • Iran will not back down: Ahmadinejad 23 Jul 2008 11:24 GMT
    ... Last Updated: July 23. 2008 2:16PM UAE / July 23. 2008 10:16AM GMT The Iranian President Mahmoud Ahmadinejad waves as he arrives at ... energy for its growing population when the Opec members reserves of fossil fuels run out. ...

  • Nationalize oil, use revenue to develop clean power 23 Jul 2008 08:07 GMT
    ... Nationalize oil, use revenue to develop clean power ... from oil. As does the United Arab Emirates, Kuwait and most other OPEC members. Witness Dubai to see what oil ...

  • Lack of funds limits potential of carbon capture 23 Jul 2008 04:50 GMT
    ... "The really striking thing is the tremendously powerful ... in the Gulf like the United Arab Emirates even are considering importing coal to meet their energy needs while selling their oil ... Abdalla Salem el-Badri, the secretary general of OPEC, said in an interview this month. "The ...

  • What Pickens says 23 Jul 2008 00:25 GMT
    ... NEW YORK (CNNMoney.com) -- Texas oilman T. Boone ... Qatar, Saudi Arabia, and the United Arab Emirates. Luft said these countries are in the ... "natural gas cartel" that will rival the Organization of the Petroleum Exporting Countries (OPEC). "We don't want to shift from ...

  • Iran Will Oppose Hike In Crude Output 22 Jul 2008 20:50 GMT
    ... Iran Will Oppose Hike In Crude Output (RTTNews) ... was opposed to any proposal by the Organization of the Petroleum Exporting Countries, or OPEC, to increase crude output at ... Iran, Iraq, Kuwait, Qatar, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela and Ecuador. ...

  • Wish to be Poor and Unemployed? Support Military Attacks on Iran 22 Jul 2008 10:15 GMT
    ... The price of gasoline has gone through the ... historic lows, because Iraq will leave the OPEC and drown the world in its oil. ... fields in Saudi Arabia, Kuwait, United Arab Emirate, and Oman in the Persian Gulf area. All are well within range of Iran's missiles. Iraqi ...

  • Baker Hughes Announces Second Quarter Results 22 Jul 2008 08:30 GMT
    ... HOUSTON, July 22 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated ... 3-year award for directional drilling in the Emirates and, we were awarded a major artificial lift project in Oman. Profit before tax in ... Countries ("OPEC") policy and the adherence by OPEC nations to their OPEC production quotas. Terrorism ...

  • UAE shutdown to trim oil output ahead of peak demand in winter 22 Jul 2008 08:13 GMT
    ... UAE shutdown to trim oil output ahead of ... the few remaining cargoes The United Arab Emirates will reduce oil output by 150,000 bpd ... 150,000 to 200,000 bpd,” the official at Abu Dhabi National Oil Company (Adnoc) said, speaking on ...

  • Petrol price may drop by 20c/l 21 Jul 2008 15:12 GMT
    ... price was reduced by 10 c/l. The OPEC Reference Basket (ORB) of 13 crude oils ... Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela). South Africa's international petroleum product prices are closely correlated with ...

  • Petrol price may drop by 20c/l  21 Jul 2008 13:52 GMT
    ... price was reduced by 10 c/l. The OPEC Reference Basket (ORB) of 13 crude oils ... Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela). South Africa’s international petroleum product prices are closely correlated ...

  • OPEC basket price falls below $128 a barrel 21 Jul 2008 11:32 GMT
    ... OPEC basket price falls below $128 a barrel ... Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela). ...

  • UAE to cut oil production for 40 days 21 Jul 2008 10:20 GMT
    ... UAE to cut oil production for 40 days ... days. (Getty Images) OPEC-member the United Arab Emirates will reduce oil output by 150,000 to ... 150,000 to 200,000 bpd," the official at Abu Dhabi National Oil Company (ADNOC) said, speaking on ...

  • UAE to shut 150,000-200,000 bpd oil output Oct-Nov  21 Jul 2008 09:13 GMT
    ... DUBAI — Opec-member the United Arab Emirates will reduce oil output by 150,000 to ... oil exporter by up to 7,5%. The UAE pumped around 2,6 million bpd in June, ... 150,000 to 200,000 bpd,” the official at Abu Dhabi National Oil Company (ADNOC) said, speaking on ...


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