Category: Energy

World Bank revises oil price forecast to $52

The World Bank has said it is lowering its 2015 forecast for crude oil prices from 57 dollars per barrel in its July report to 52 dollars per barrel. This is according to the bank’s new Commodity Markets Outlook, a quarterly update on the state of the international commodity markets.

OEF Al Aufi
Oman’s top energy stakeholders gather to draft 25-year energy master plan

Oman’s top-100 energy sector stakeholders participated in a workshop today to draft and shortlist the most critical recommendations to be included in a 25-year Energy Master Plan, including education reform, that could help set the Sultanate on a sustainable path as an energy consumer and exporter for the coming decades.

Shell Oman launches #MyOman45 National Day Campaign

The Sultanate of Oman is gearing up to celebrate the 45th National Day, which will give the citizens and residents of the Sultanate an opportunity to express their pride and love for the nation and its great leader His Majesty Sultan Qaboos bin Said.

Owain Johnson, Managing Director, DME
DME Selects Elysian Technology for Auctions Business

The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has selected London-based Elysian Systems Ltd as the technology provider for its new commodity auction business.