Arab NewsUncaged bears see oil prices make fast retreatArab NewsOil prices and stock markets went into a steep decline over the past week, as international organizations warned of growing signs of weakness in the global economy. Midweek, the bears were unc …

Arab NewsWorld's biggest traders see oil at $65-$100 a barrel next yearArab NewsWorld's biggest traders see oil at $65-$100 a barrel next year. Traders expect oil storage tanks worldwide to start emptying amid reduced global supplies caused by sanc …

Arab NewsRising oil prices creating rumors and fake newsArab NewsAs anticipated, oil prices continued rising amid stronger demand. Prices reached levels not seen in four years. Brent crude rose to $84.16 per barrel. WTI rose to $74.34 per barrel. The Brent …

Arab NewsIraq's Basra Oil, Chevron agree to implement MOU to develop oil fieldsArab NewsDUBAI: Iraq's state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, …

Arab NewsBahrain: Largest rock oil field discovered in country's historyArab NewsBahrain announced on Sunday the discovery of a large supply of light rock oil estimated to be much larger than the Bahrain field in addition to the discovery of large quan …

Arab NewsBritish engineering consultancies upbeat on Mideast despite Carillion collapseArab NewsBritish construction consultancies are encouraged by the increase in major infrastructure projects in the Kingdom such as the Riyadh Metro. (REUTERS). Related A …

Arab NewsAUS Computing Camp introduces students to engineering design and innovationArab NewsThe computing camp introduced students from grade 10-12 to various aspects of engineering design and innovation. The Department of Computer Science and Engineering …

Arab NewsSamsung Engineering receives contract to build $700-million petrochemical plantArab NewsSamsung Engineering President Sungan Choi and JUPC's President Abdullah Al-Shamrani shake hands at the signing ceremony. Samsung Engineering has announced …

Arab NewsDon't panic! Oil price outlook improves as US shale faces headwinds in 2018Arab NewsWorkers hired by US oil and gas company Apache Corp. drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon. The US …

Arab NewsChinese demand teaser to weigh on Vienna oil summitArab NewsHenderson said: “Chinese demand has been rising fast, and is a big part in the rebalancing of the oil market. But will China continue buying as much crude if the price goes to $65 per bar …