Top Oil & Gas News

Sponsored by

Dow, Kuwait's PIC Continue Progress On $11B JV

The Dow Chemical Company and Petrochemical Industries Company (PIC) of the State of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), continue to make progress on their $11 billion proposed 50:50 joint venture. Press Release - 20Jul 09:08GMT
National Iranian Oil Refining and Distribution Company sales hit $47b for 1386

"The total amount of products sold by Iranian refineries in Iranian calendar year 1386 (ended March 19, 2008) reached $47 billion," the National Iranian Oil Refining and Distribution Company (NIORDC) deputy director for refining affairs said. Tehran Times - 20Jul 06:08GMT
ENBD, Noor Islamic arrange $500m Enoc loan

Emirates NBD and Noor Islamic Bank, acting as initial mandated lead arrangers and bookrunners, have arranged a $500 million (Dh1.84bn) syndicated Islamic loan facility for Enoc Supply and Trading (ESTC), a wholly-owned unit of Emirates National Oil Company Limited (Enoc). Emirates Business 24/7 - 20Jul 06:07GMT
UAE's oil revenues to cross $100b

The official selling price (OSP) of Abu Dhabi crude oil grades from January to June this year averaged $108.32 per barrel, a whopping 73.6 per cent rise on the year in line with soaring global oil prices. Gulf News - 20Jul 05:59GMT
Saudi APPC H1 net profit soared over 3000%

(Arabic) Advanced Polypropylene Q2 profit surged 12000% to SAR76 million. Al-Arabiya - 19Jul 11:00GMT
Libya wins better terms for oil field contracts

Four of Europe's biggest energy groups yesterday rewrote two large oil field contracts with Libya, agreeing to significantly worse terms for the right to keep working there. Financial Times - 19Jul 07:16GMT
Oil prices ease after steep plunge on demand worries

Oil prices eased Friday, falling more than 16 dollars in a week, on worries over economic growth and slowing demand. AFP - 19Jul 04:58GMT
Oil rebounds after third day of heavy falls

Oil prices continued their volatility on Friday, rebounding in Asia after three days of heavy falls in New York that pulled prices almost 16 dollars lower on worries over economic growth and slowing demand, dealers said. AFP - 18Jul 05:01GMT
Update: Yara In 50:50 JV With NOC and Invest Auth Of Libya

Norwegian fertilizer company Yara International ASA said Thursday that it has finalized agreements to set up a 50:50 joint venture to produce and market mineral fertilizer with Libya's National Oil Company and the Libyan Investment Authority. Zawya Dow Jones Newswires - 17Jul 12:56GMT
MARKET TALK: Yara Libya Deal Is In A Favorable Area -Carnegie

Yara's JV deal with Libya's National Oil Company and the Libyan Investment Authority is in "the kind of area they want to expand because of favorable long-term gas contracts". Dow Jones Newswires - 17Jul 12:17GMT

» More Top Oil & Gas News

» All Oil & Gas News | All Analysis

The Toolbox

1 of 3
Projects

1 of 2
Research

Community Buzz

Stories in Oil & Gas

Companies in Oil & Gas

Posted on 17Jul
Comments

Projects in Oil & Gas

ICE Brent $/bbl	131.59
NYMEX WTI $/bbl	130.00
OPEC Basket $/bbl	131.03
Nat. Gas $/MMBtu	10.60
Products

ICE Brent (Futures)

Pct Change	- 0.05%
Net Change	- 0.06
YTD Change	+ 38.27%
» Charting		02:25 GMT 19Jul

NYMEX WTI (Futures)

Pct Change	- 0.23%
Net Change	- 0.30
YTD Change	+ 33.75%
» Charting		02:25 GMT 19Jul

OPEC Reference Basket

Pct Change	- 1.55%
Net Change	- 2.06
YTD Change	+ 44.27%
» Charting		07:36 GMT 17Jul

NYMEX Nat. Gas (Futures)

Pct Change	- 0.61%
Net Change	- 0.07
YTD Change	+ 41.25%
» Charting		22:50 GMT 18Jul

NYMEX (¢/gal)

Heating Oil	375.70	18Jul22:50
Unleaded	318.95	18Jul22:50
Propane	187.00	18Jul22:25



ICE ($/MT)

Gas Oil	1,215.00	19Jul02:25
All times expressed in GMT

Kuwait
Building Capacity
Kuwait has announced plans to issue tenders next month to upgrade two of its three existing oil refineries, at a potential cost of $15bn.

On 'Myth' of a Shortage and Saudi capacity
Crude demand-supply balance is definitely tight, no one argues. Skepticism appears ruling the sentiments. Pundits continue churning out various, cooked and semi-cooked, theories about the Saudi capacity to sustain and increase its production from the current levels.

Travel & Tourism
Turbulent Weather
Emirates airline President Tim Clark says the global aviation industry is facing its greatest crisis - bigger than the Gulf wars, attacks of 9/11 and past oil shocks.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	109,838
2	Industries Qatar	Qatar	27,525
3	Saudi Arabian Fertilizer Company	Saudi Arabia	16,139
4	Rabigh Refining and Petrochemical Company	Saudi Arabia	12,911
5	Saudi Kayan Petrochemical Company	Saudi Arabia	9,603
» View Full List

Related Information

EIU Forecast For Oil & Gas Sector

Loading ...

BP Statistical Review of World Energy 2007