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Tue, 02 Dec 2008 | 08:52 GMT
 
Top Oil & Gas News

  • Oil prices to recover: Official


    Industrialised nations are of the view that oil prices in the international markets cannot keep falling for long. So the lower price bands being witnessed currently are bound to look up sooner rather than later. The Peninsula - 02Dec 08:19GMT
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  • Abu Dhabi oil firm plans 28.5% boost in output capacity by 2017


    The Abu Dhabi Company for Onshore Oil Operations (Adco) plans a 28.5 per cent increase in its oil production capacity by 2017 to 1.8 million barrels per day (bpd), a top company official said on Monday. Gulf News - 02Dec 06:14GMT
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  • OPEC Chief: Cartel May Decide 'Major' Output Cut


    OPEC will decide on a "major" output cut next month if the oil market is deemed to be deteriorating, the cartel's secretary general Abdalla Salem El-Badri said. AFP - 01Dec 09:07GMT
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  • Kuwait Revalued JV With Dow Chemicals Down By $4B


    Kuwait has revalued a $20 billion joint venture with Dow Chemical down to $16 billion. KPC has sent a delegation to the United States to renegotiate the deal, now expected to come in at around $16 billion Kuwait Times - 01Dec 06:11GMT
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  • OPEC to slash December output: secretary general


    The Organisation of Petroleum Exporting Countries (OPEC) will cut its December production by a "good amount," its secretary general Abdalla Salem El-Badri said. AFP - 01Dec 05:58GMT
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  • Oil Down In Asia As OPEC Maintains Output Quota


    World crude prices weakened in Asia Monday after the OPEC oil cartel maintained existing production quotas at a weekend meeting amid a global downturn, dealers said. AFP - 01Dec 04:01GMT
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  • Jordan receives 700,000 barrels of Iraqi oil in 2 months


    Iraqi crude oil received by Jordan during the period between September 23 and November 29 reached 700,00 barrels, on a rate of 10,000 barrels per day (bpd), carried in 42 tanks, according to the CEO of the company that implements oil transport from Iraq to Jordan. Aswat Aliraq - 30Nov 10:48GMT
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  • Iran says oil market oversupplied by two million bpd


    Crude producer Iran said on Sunday that the world oil market is oversupplied by two million barrels a day after OPEC decided to leave its oil output quota unchanged amid falling prices. AFP - 30Nov 09:57GMT
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  • Iran urges OPEC to stem oil price fall


    Iran's Oil Minister Gholam-Hossein Nozari in Cairo Saturday evening called for cooperation to stem the tumbling crude prices. IRNA - 30Nov 09:30GMT
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  • Low Oil Prices Depress Saudi Foreign Asset Growth


    Saudi Arabia's foreign assets gained about SR48 billion (Dh47bn) in October, but the growth was far lower than in previous months due to a plunge in oil prices, according to official Saudi figures. Emirates Business 24/7 - 30Nov 07:56GMT
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 Aramco To Freeze Dammam Field Project
 
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Sources confirm Saudi ARAMCO's intention to put on hold plans for Al Dammam field - 01Dec
 
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Community Buzz

Stories in Oil & Gas

 

Companies in Oil & Gas

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Aabar Investments UAE Investment Firms and Funds
Saudi Arabian Oil Company Saudi Arabia Oil
Egyptian General Petroleum Corporation Egypt Oil
National Oil Corporation - Libya Libya Oil
Qatar Petroleum Qatar Oil
Abu Dhabi National Oil Company UAE Oil
Abu Dhabi Oil Refining Company UAE Oil
Emirates National Oil Company UAE Oil
Kuwait Petroleum Corporation Kuwait Oil
Burullus Gas Company Egypt Gas
 

Projects in Oil & Gas

Most viewed projects by Community in the last 24 hrs
Project Name Country Sector
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) UAE Oil and Gas
KNPC - Al Zour Refinery Kuwait Oil and Gas
Ras Tanura Integrated Refinery and Petrochemicals Complex Saudi Arabia Oil and Gas
ADCO - SAS Field Development UAE Oil and Gas
Takreer - Ruwais Refinery Expansion UAE Oil and Gas
QP - Al Shaheen Refinery Qatar Oil and Gas
Salalah Methanol Plant Oman Petrochemicals
Saudi Kayan Petrochemical Complex Saudi Arabia Petrochemicals
JRPC - Jubail Refinery and Petrochemical Complex Saudi Arabia Oil and Gas
Aramco - Manifa Oilfield Redevelopment Saudi Arabia Oil and Gas
 
 
 
 
Zawya Network
 
Market Metrics
 
ICE Brent $/bbl
53.00
NYMEX WTI $/bbl
53.50
OPEC Basket $/bbl
47.73
Nat. Gas $/MMBtu
6.50
Products
 
ICE Brent (Futures)
BRI-
Pct Change
 - 11.58%
Net Change
 - 6.31
YTD Change
 - 48.75%
» Charting 21:50 GMT 01Dec
NYMEX WTI (Futures)
NYMWTI-
Pct Change
 - 10.42%
Net Change
 - 5.67
YTD Change
 - 49.21%
» Charting 22:25 GMT 01Dec
OPEC Reference Basket
OBP-
Pct Change
 - 4.43%
Net Change
 - 2.21
YTD Change
 - 47.45%
» Charting 16:05 GMT 13Nov
NYMEX Nat. Gas (Futures)
NYMNGS-
Pct Change
+ 0.69%
Net Change
+ 0.05
YTD Change
 - 12.74%
» Charting 23:50 GMT 01Dec
NYMEX (¢/gal)
Heating Oil
162.22
 01Dec23:50
Unleaded
110.90
 01Dec23:50
Propane
67.75
 01Dec22:25
 
ICE ($/MT)
Gas Oil
530.25
 01Dec22:25
All times expressed in GMT
 
 
Zawya Select
ZawyaSelect
Hopec
In response to the collapsing oil price, members of the OPEC have resolved to do nothing.
 
 
Production Cuts
The Opec oil cartel has paved the way for a third round of production cuts in mid-December.
 
 
Tough Times
OPEC, suffering from plummeting oil prices, faces further pain next year as a worldwide recession dampens demand for crude even more..
 
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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 41,656
2 Industries Qatar Qatar 11,719
3 Saudi Arabian Fertilizer Company Saudi Arabia 6,108
4 Rabigh Refining and Petrochemical Company Saudi Arabia 3,906
5 Saudi Kayan Petrochemical Company Saudi Arabia 3,845
» View Full List
 
Related Information
  Companies in Oil & Gas  (606)
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