Category Archives: Production

Abu Dhabi Aviation’s foreign share ownership at 30%

ABU DHABI, Abu Dhabi Aviation Co. announced on Thursday its opening its trading of shares to foreign investment at a rate of no more than 30 percent of the company’s total nominal shares capital.

The announcement was made following a …

OPEC daily basket price down $0.31 a barrel Wednesday

VIENNA, The price of OPEC basket of fourteen crudes stood at US$65.32 a barrel on Wednesday, 15th January, compared with $65.63 the previous day, according to OPEC Secretariat calculations.

The fourteen crudes, from separate OPEC member countries, includes a mix …

UAE gold, diamond trade in 2018 totals AED258.4 billion

ABU DHABI, The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country’s position as a regional centre of the trade in the Middle East.

The gold and …

Fujairah heavy distillates stocks slip 8%, leads weekly decline in product stocks

FUJAIRAH, Refined product stocks at the Middle Eastern hub of Fujairah fell 1.6 per cent in the week to Monday, led by a decline in heavy distillates and residues, according to data released today by the Fujairah Oil Industry Zone, …