Jadwa Investment maintains a cautious outlook on oil prices in its latest quarterly oil market update, forecasting a full year price of US$44/bbl for 2016 and US$55/bbl for 2017
Abu Dhabi has announced the merger of International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala)
Gulf Petrochem has partnered with Kirloskar Oil Engines Limited (KOEL), part of the Kirloskar Group, to launch K-Oil into the Middle East and Africa markets
Oil prices fell sharply in the wake of the UK’s historic vote to leave the European Union on 23 June, in reaction to market volatility and fears of an economic slowdown
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum’s (QP) stake in oilfield services firm Al Shaheen Holding
