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Wed, 10 Feb 2010 | 03:28 GMT
Wed, Feb 10, 2010, 03:28 GMT
 
Top Oil & Gas News

  • Six petrochemical projects to open at Assaluyeh


    Some six important petrochemical projects, worth dlrs 2 billion, will be inaugurated in the presence of President Mahmoud Ahmadinejad and Iran Oil Minister Gholamhossein Nozari. IRNA - 09Feb 07:26GMT
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  • Bahregan oil project comes on stream


    Iranian Oil Minister Masoud Mirkazemi inaugurated new onshore installations as well as offshore platforms of Bahregansar oilfield in Bushehr province on Sunday which will boost the country's crude processing capacity by 60,000 barrels per day. Tehran Times - 09Feb 07:25GMT
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  • Iran to inaugurate large petchem projects


    Six large petrochemical projects worth around $2 billion will officially come on stream today in Assaluyeh, Bushehr province.Iranian President Mahmoud Ahmadinejad will attend the inauguration ceremony, the Mehr News Agency reported. Tehran Times - 09Feb 07:23GMT
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  • Aramco concludes deals for gas oil


    Saudi Aramco has concluded supply deals to purchase up to 7.14 million barrels of gas oil for delivery in 2010 from private trading firms and international oil companies, industry sources said. Arab News - 09Feb 07:19GMT
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  • UAE's ADCO targets 1.8 million bpd oil output by 2017


    Abu Dhabi's state-owned oil firm ADCO is to invest billions of dollars to hike onshore production by 400,000 barrels per day to 1.8 million bpd by 2017, its general manager Abdel Monim al-Kindy said. AFP - 09Feb 05:10GMT
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  • Oil below $72 in Asian trade


    Oil resumed its sell-off in Asian trade Tuesday after slight gains overnight, with regional stocks mostly lower and sentiment weighed down by weak US demand and debt woes in the eurozone. AFP - 09Feb 05:07GMT
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  • New Oilfields Discovered in Iran


    Since the Islamic Revolution in 1979, the National Iranian Oil Company (NIOC) has discovered 34 oil and gas fields across the country. Iran Daily - 08Feb 08:55GMT
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  • Crude tanker market in favour of charterers


    The sentiment in the crude tanker market is swinging in favour of charterers, who see no reason to hurry in and take cover as there would be enough VLCCs (very large crude carriers) to cover their remaining positions, according to a latest report by London-based EA Gibson Shipbrokers. Emirates Business 24/7 - 08Feb 08:05GMT
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  • IDB loan funds natural gas project in Gafsa


    Tunisia on Friday (February 5th) received a 33.4m-euro loan from the Islamic Development Bank (IDB), TAP reported. The project will supply natural gas to Gafsa and neighbouring towns, including Mehdila, Om Elarays and Metlaoui and El Ksar. The... Magharebia.com - 08Feb 06:46GMT
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  • Oil rises but stays below $72


    Oil rose in Asian trade Monday as investors returned to the market after a massive selloff triggered by weak US jobs data and debt woes in the eurozone, analysts said. AFP - 08Feb 05:33GMT
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GDP Boost For Dubai Oilfield
 
Philippe Dauba-Pantanacce, a senior economist at Standard Chartered, talks about the economic ramifications of Dubai's new oil field.
Dubai Eye - 09 Feb 2010

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Abu Dhabi Oil Refining Company UAE Oil
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Jubail Refining and Petrochemical Company Saudi Arabia Oil
Saudi Arabian Oil Company Saudi Arabia Oil
Advanced Petrochemicals Company Saudi Arabia Petrochemicals
Petrogas Oman Oil
Abu Dhabi Company for Onshore Oil Operations UAE Oil
 

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Market Metrics
 
ICE Brent $/bbl
71.59
NYMEX WTI $/bbl
73.31
Dubai Crude ($/bbl)
70.72
OPEC Basket $/bbl
68.86
Nat. Gas $/MMBtu
5.35
Products
 
ICE Brent (Futures)
BRI-
Pct Change
 - 0.75%
Net Change
 - 0.54
YTD Change
 - 8.14%
» Charting 03:10 GMT 10Feb
NYMEX WTI (Futures)
NYMWTI-
Pct Change
 - 0.60%
Net Change
 - 0.44
YTD Change
 - 7.62%
» Charting 03:10 GMT 10Feb
NYMEX Dubai Crude (Futures)
DUB-
Pct Change
+ 0.57%
Net Change
+ 0.40
YTD Change
 - 6.23%
» Charting 22:50 GMT 09Feb
OPEC Reference Basket
OBP-
Pct Change
 - 1.22%
Net Change
 - 0.85
YTD Change
 - 10.76%
» Charting 13:39 GMT 08Feb
NYMEX Nat. Gas (Futures)
NYMNGS-
Pct Change
+ 0.04%
Net Change
+ 0.00
YTD Change
 - 4.07%
» Charting 02:50 GMT 10Feb
NYMEX (¢/gal)
Heating Oil
193.80
 10Feb03:10
Unleaded
193.25
 10Feb03:10
Propane
98.69
 20Sep21:50
 
ICE ($/MT)
Gas Oil
588.75
 10Feb03:10
All times expressed in GMT
 
 
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Commodities
Boost For DME
Production from the new oilfield discovered in Dubai will help boost volumes at Dubai Mercantile Exchange (DME), says the exchange's CEO Thomas Leaver.
 
 
Libya
Developing Oil Sector
Libya is stepping up its gas exploration and production with a view to increasing exports to Europe, according to Shokri Ghanem, Chairman of the National Oil Corporation (NOC).
 
 
UAE
Major Boost
Dubai's new offshore oil find may hold the promise of making a significant contribution to the emirate's gross domestic produc during its life cycle, but much will depend on the volume of commercially recoverable reserves and the cost of production, say energy experts.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 67,995
2 Industries Qatar Qatar 16,483
3 Saudi Arabian Fertilizer Company Saudi Arabia 8,666
4 Rabigh Refining and Petrochemical Company Saudi Arabia 7,218
5 Saudi Kayan Petrochemical Company Saudi Arabia 7,099
» View Full List
 
 
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