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  • Oil prices rebound above $119


    World oil prices rebounded on Thursday, as it was announced that a key pipeline carrying crude from Asia to the West would remain shut for about 15 days following a recent explosion. AFP - 07Aug 10:01GMT
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  • Taqa Half Year Profit Climbs 250%


    Abu Dhabi National Energy Company reported net profit for the first six months of 2008 grew 249% to AED 869 million, compared with AED 249 million for the same period in 2007. Press Release - 07Aug 09:19GMT
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  • Jordan set to tap oil shale potential


    Progress in developing and utilising the Jordan's oil shale resources is under way, according to the Natural Resource Authority (NRA), which projects commercial oil shale production within the next decade. Jordan Times - 07Aug 08:12GMT
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  • Iraq's Wassit's liquefied gas factory increases production by half


    New equipment and machinery have been installed in Wassit's factory for the manufacture of liquefied gas cylinders to push up production to 300,000 units a year, the factory's director said. Aswat Aliraq - 07Aug 08:03GMT
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  • Iraq To Resume Oil Exploration After 20 Year Pause


    The Iraqi Ministry of Oil will continue its oil exploration in the coming few days, ending a two-decade pause, an official ministerial spokesperson said. Aswat Aliraq - 07Aug 07:57GMT
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  • Fuel prices in Jordan expected to drop by 16-20% this month


    The prices of fuel derivatives are expected to drop by 16-20 per cent due to the significant drops in crude oil prices in the international market during the past few weeks, an official said. Jordan Times - 07Aug 07:54GMT
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  • Syria Urges Kuwaiti Investments In Its Oil Sector


    Syrian minister of oil and mineral resources Sufian al-Allow urged Kuwaiti investors to invest in the oil and gas sector in his country. KUNA (Kuwait News Agency) - 07Aug 06:52GMT
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  • Iran has addressed India's concerns on gas pipeline project: Rahim


    The Islamic Republic of Iran had addressed concerns about the dlrs 7.4 billion Iran-Pakistan-India (IPI) gas pipeline project that India had raised in the form of a non-paper. IRNA - 07Aug 06:05GMT
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  • 3 Refineries In Iran Set for Privatization


    Iran's Oil Ministry is ready to privatize Tabriz, Bandar Abbas and Lavan refineries and related documents will soon be delivered to Iran Privatization Organization. Iran Daily - 07Aug 05:46GMT
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  • Oil prices move up slightly


    Oil prices were slightly higher in Asian trade Thursday after steep falls in recent sessions on worries about waning energy demand, especially in the United States, dealers said. AFP - 07Aug 04:59GMT
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Market Metrics
 
ICE Brent $/bbl
117.20
NYMEX WTI $/bbl
118.73
OPEC Basket $/bbl
114.64
Nat. Gas $/MMBtu
8.90
Products
 
ICE Brent (Futures)
BRI-
Pct Change
+ 0.26%
Net Change
+ 0.30
YTD Change
+ 25.10%
» Charting 18:25 GMT 07Aug
NYMEX WTI (Futures)
NYMWTI-
Pct Change
+ 0.71%
Net Change
+ 0.84
YTD Change
+ 24.63%
» Charting 18:25 GMT 07Aug
OPEC Reference Basket
OBP-
Pct Change
 - 1.36%
Net Change
 - 1.58
YTD Change
+ 26.23%
» Charting 07:28 GMT 06Aug
NYMEX Nat. Gas (Futures)
NYMNGS-
Pct Change
 - 3.05%
Net Change
 - 0.27
YTD Change
+ 14.26%
» Charting 18:25 GMT 07Aug
NYMEX (ยข/gal)
Heating Oil
323.79
07Aug18:25
Unleaded
295.42
07Aug18:25
Propane
173.00
06Aug21:25
 
ICE ($/MT)
Gas Oil
1,049.00
07Aug18:25
All times expressed in GMT
 
 
ZawyaSelect
Expected To Expand
Constrained refining capacity has been frequently identified as one of the key reasons for the rise in crude oil prices over the last two years. But refining capacity will begin to expand later this year and continue well past 2009.
 

 
An Amicable Endgame In Iran
The markets have been buzzing for months about an imminent attack by the U.S. or Israel on Iran's nuclear facilities. Don't bet on it -- or on oil prices heading higher as a result of hostilities.
 

 
Robust Refineries
Current refinery projects in the GCC are worth more than $146bn - indicating the region's appetite for the industry remains robust despite capital cost run-up and massive delays.
 
Company Ranking
Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 98,732
2 Industries Qatar Qatar 27,812
3 Saudi Arabian Fertilizer Company Saudi Arabia 14,386
4 Rabigh Refining and Petrochemical Company Saudi Arabia 12,280
5 Saudi Kayan Petrochemical Company Saudi Arabia 9,112
» View Full List
 
 
Related Information
 
  EIU Forecast For Oil & Gas Sector
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  BP Statistical Review of World Energy 2007
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