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Oil News in United Arab Emirates

ADNOC Signs New Long-Term Agreement for Base Oil Sales into India
4/23/2019 - The Abu Dhabi National Oil Company (ADNOC) has signed another significant long-term sales agreement with an important end-user consumer - the Indian Oil Corporation (IndianOil) - for its high-quality ...
ADNOC to Fill up Mangalore Oil Reserves in November 2018
10/26/2018 - The Abu Dhabi National Oil Company (ADNOC) is expected to fill up storage tanks that it has contracted from the Indian government in the first week of November, senior Indian oil officials said. ...
Indian Oil Company Receives Lower Zakum Shipment
6/10/2018 - A landmark agreement signed in February between the UAE and India expanding their bilateral energy relationship has started bearing fruit. ...
ADNOC Signs Agreement with Chemlube S.A. for Base Oil Sales in Europe
2/22/2018 - The Abu Dhabi National Oil Company (ADNOC) has concluded an exclusive agreement with Chemlube S.A., appointing the Switzerland based company as the exclusive seller of its Group III Base Oil product i...
UAE Buys First U.S. Oil Cargo to Replace Qatar Condensate
7/26/2017 - The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensa...
UAE's ADNOC Cuts September Crude Allocation by 10 pct for Most Customers
7/25/2017 - Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said. ...
UAE Energy Minister Hopes Global Oil Markets Begin to Tighten in H2
7/21/2017 - The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said he hopes that global supplies will start tightening in the second half of the year when demand picks up. "We have seen heal...
U.A.E.'s Adnoc Will Cut Oil Sales to Buyers by 10% in June 2017
4/29/2017 - The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 percent, a company spok...
First Shipment of CNPC's Equity Oil Sets Sail from UAE to China
4/7/2017 - On April 3, the New Constant oil tanker with 1 million barrels of CNPC's equity oil set sail from Port Fujairah in UAE to China. This indicates that the onshore oilfield concession project of Abu Dhab...
UAE Exports over 26mn barrels of Crude Oil to Japan
1/31/2017 - Japan imported 26.097 million barrels of crude oil from the UAE in December 2016, according to the latest data released by the Agency of Energy and Natural Resource in Tokyo. ...
India Wants to Add UAE, Saudi Oil for Strategic Reserve
9/21/2016 - India is talking to the United Arab Emirates (UAE) and Saudi Arabia to fill half of the 1.5 million tonnes (mt) of the Mangalore strategic storage, along with Iranian crude, its oil minister said. ...
Will Falling Oil Prices Force Manufacturers to Rethink Their Marketing Strategies?
Will Falling Oil Prices Force Manufacturers to Rethink Their Marketing Strategies? 3/8/2016 - The collapse of oil prices in 2014 caught many by surprise. As a result, nearly $400bn of spending on new oil and gas projects has been put on hold or scrapped. This staggering cut in spending sent co...
UAE's Oil Policy is Open to Cooperation
2/17/2016 - United Arab Emirates oil minister Suhail bin Mohammed al-Mazrouei said that the country's oil policy was open to cooperation with all producers toward the mutual interest of market stability. ...
Dubai Plunges 4.2 Pct as Oil Hits New Low
12/9/2014 - Dubai's bourse tumbled in early trade on Tuesday after the price of Brent crude oil hit a new five-year low of $65.33 per barrel, prompting fresh selling by panicky retail investors. ...
Downbeat Oil Prices may Weigh on Gulf Markets
12/8/2014 - Falling crude prices may keep Gulf stock markets under pressure on Monday as oil dominates the thinking of retail investors. ...
UAE Sees Oil Price Stabilising
11/26/2014 - Core Gulf oil producer United Arab Emirates sided with OPEC leader Saudi Arabia on Wednesday by saying the group should not panic as oil prices would soon stabilise, while ramping up pressure on non-O...
Japan Agrees to Extend UAE Crude Storage Deal
11/10/2014 - Tokyo has agreed in principle to allow the United Arab Emirates (UAE) to store crude in Japan for at least three more years, the trade ministry said on Monday, giving the No.2 crude supplier to Japan ...
UAE Concerned About Oil Price Fall But Not Panicking
11/4/2014 - The United Arab Emirates is concerned about crude oil prices that have lost more than a quarter of their value since June, but is not panicking, the UAE energy minister said. ...
Falling Oil Prices in UAE Won't Hurt 2014 GDP
10/14/2014 - Falling oil prices won't hurt the gross domestic product growth of the United Arab Emirates this year, a Ministry of Economy official told reporters. ...
Dubai Crude Sept Falls to 15-Month Low at $96.47/bbl
10/1/2014 - Dubai crude, as quoted by price-reporting agency Platts, averaged $96.47 a barrel for September, traders said on Wednesday. The monthly average price is the lowest since June 2013, Reuters data showed...

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