The retail business segment of Emirates National Oil Company (ENOC) plans to increase its network capacity by 40 per cent in four years in the UAE

Kuwait has signed an export deal of 100,000 bpd with a major Asian company, with an expected potential annual return of US$2bn

The Saudi, Russian, Qatari and Venezualan oil ministers agreed on 16 February to freeze oil output after a previously unannounced meeting in Doha to tackle the supply glut, which has driven down oil prices to their lowest level in more than a decade

Shell has overtaken Chevron to become the world’s second largest non-state oil company, in the wake of the company’s acquisition of BG Group