US Department of Energy

US Department of Energy latest

The current 4.5 million bpd would only increase to 5 million bpd over the next decade. (Shutterstock)

September 18th, 2018 - 07:10 GMT

Uncertainty Looms on Iraq Oil Production for the Next Decade

Growth in Iraqi oil production will be squeezed for the next decade despite the country being the second largest OPEC producer after Saudi Arabia and the fourth biggest in the world, according to a report by US consultancy IHS Markit.

Qatar will be hosting a meeting of OPEC and non-OPEC members on April 17 to discuss oil production. (File photo)

March 27th, 2016 - 04:50 GMT

Oil producers meeting needs to send a clear message to markets: economists

May 25th, 2015 - 07:19 GMT

OPEC producers to defend market share in face of mounting competition and domestic needs

April 14th, 2015 - 04:55 GMT

Oil prices continue to sustain modest gains

Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids.
In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.

July 13th, 2014 - 10:29 GMT

A defining moment has arrived: why demand for OPEC oil will never be the same

Now crude oil production in the United States is expected to rise faster than projected earlier - to a near historic high by 2016.

December 23rd, 2013 - 03:55 GMT

The United States' creeping energy revolution that Middle Eastern oil producers must come to terms with

While the IEA expects the US to gradually become independent of oil imports, it also predicts Asian countries to end up consuming up to 90 per cent of the oil produced in the GCC region.

August 18th, 2013 - 12:32 GMT

Will the Middle East continue to dominate the oil market?

OPEC members earned top dollar last year, new date from the US shows.

January 9th, 2013 - 11:59 GMT

OPEC Members reap rewards

Pricing is an involved process, entailing price reporting agencies (most prominently Platts and Argus) in a central role

December 9th, 2012 - 07:30 GMT

What oil price?

The rise in electricity consumption has been greatly affected by the rapid growth of Kuwait's private and public sectors and also the great infrastructure that they have which not surprising that electrical consumption has risen along with it

September 14th, 2011 - 07:07 GMT

Kuwait exceeds US in power consumption per capita

October 9th, 2010 - 05:50 GMT

UAE needs energy supply growth of 71% to match demand by 2019

April 12th, 2010 - 08:47 GMT

Middle Eastern markets showing growing interest in ‘Mirror TV’ technology

March 25th, 2010 - 12:49 GMT