Oman and Iran to drive growth for oil storage industry in the Middle East to 2022, says GlobalData

oil storage 25Oman and Iran will drive the majority of the growth in the oil storage industry in the Middle East between 2018 and 2022, contributing more oil storage capacity than any other country in the region, according to leading data and analytics company GlobalData

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Brent crude to end 2018 above US$75/barrel: GIQ Survey

AdobeStock 77520811Brent crude oil will end 2018 above US$75 a barrel, the highest year-end price in four years, according to 59 per cent of 200 energy industry executives polled by the GIQ

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OPEC secretary-general inaugurates BPGIC storage terminal in Fujairah

barkandi 20 1Mohammed Barkindo, secretary-general of OPEC, has inaugurated Brooge Petroleum and Gas Investment Company’s (BPGIC) Phase II storage terminal in the emirate of Fujairah

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Impact of new IMO regulations on Arabian Gulf’s oil export dynamics

Arabia 19The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, has published its latest research report, analysing the impact on the Gulf’s oil dynamics of new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO)

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Global offshore projects to yield 8.1 mmbbl per day of crude by 2025, says GlobalData

offshore oil 18Globally, the total crude and condensate production from announced and planned global offshore projects is expected to be around 8.1 mmbbl per day of crude and about 47.3 bcf per day of natural gas by 2025, according to GlobalData, a leading data and analytics company

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