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
Industry
IPIC and Mubadala to merge in Abu Dhabi
Abu Dhabi has announced the merger of International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala)
Gulf Petrochem to launch K-Oil in Middle East and Africa
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
UK referendum affects global oil prices
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 Petroleum to sell Al Shaheen stake
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum’s (QP) stake in oilfield services firm Al Shaheen Holding