{"id":9878,"date":"2020-04-25T11:32:19","date_gmt":"2020-04-25T11:32:19","guid":{"rendered":"https:\/\/www.emirateszone.ae\/?p=9878"},"modified":"2020-04-25T11:39:36","modified_gmt":"2020-04-25T11:39:36","slug":"us-crude-oil-price-plunge-implications-advantage-uae","status":"publish","type":"post","link":"https:\/\/www.ezcr.ae\/us-crude-oil-price-plunge-implications-advantage-uae\/","title":{"rendered":"U.S Crude Oil Price Plunge: Is it Advantage UAE?"},"content":{"rendered":"<h4 style=\"text-align: center;\">Why the dip is temporary\u00a0and\u00a0how the UAE is unaffected<\/h4>\n<h3 style=\"text-align: center;\">4 Ways to take Advantage in UAE<\/h3>\n<h6><strong>Should we crash the plate? Not yet, say analysts.<\/strong><\/h6>\n<p>Oil &amp; Gas sector worldwide, took a beating as crude oil prices plunged to a 34-year low earlier this week, in the wake of the coronavirus pandemic. Facing one of the biggest selloffs in crude oil history, analysts worldwide are predicting a comeback. The demand for crude oil is expected to be up again once the peak (read worst) of the pandemic is seen off (any time in the next 2-3 months), and matters, inevitably, return to normalcy.<\/p>\n<p>The negative demand <u><a href=\"https:\/\/www.khaleejtimes.com\/business\/energy\/kt-explains-why-us-wti-crude-price-fell-below-zero-and-what-it-means-for-you\"><span style=\"text-decoration: underline;\">does not affect the GCC<\/span><\/a><\/u>, and definitely <a href=\"https:\/\/gulfnews.com\/business\/energy\/us-oil-prices-at-minus-0barrel-would-i-get-paid-for-filling-up-my-car-1.1587463172844\">does not get paid for filling up petrol in car<\/a>.<\/p>\n<p>Here are 4 ways you can take advantage of the temporary dip:<\/p>\n<ol>\n<li><strong>Invest in Oil &amp; Energy Stocks:<\/strong><\/li>\n<\/ol>\n<p>The UAE supports both individual and private sector investment in Oil &amp; Gas through:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Centrally regulated stock exchanges, financial centers and exchanges such as Abu Dhabi Global Market (ADGM), Abu Dhabi Securities Exchange (A.D.X), Dubai Multi Commodities Centre (DMCC), Dubai Gold &amp; Commodities Exchange (DGCX) etc.<\/li>\n<li>Privately managed and centrally registered investment planners, wealth management firms, stock brokers and traders.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"2\">\n<li><strong>Get ICV Certified \/ Re-Certified:<\/strong><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>A good In-Country Value (ICV) Score, in line with industry standards, is crucial to bagging reputed government tenders and projects.<\/li>\n<li>The ICV has a validity of 14 months from audit. Post expiry, an ICV Improvement Plan has to be charted and Re-certification procedure to be followed.<\/li>\n<li>Taking into consideration the time required for auditing and processing the ICV (45-60 days), this interim period is ideal for getting your firm ICV Certified.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"3\">\n<li><strong>Partnership with Reputed Suppliers \/ Contractors \/ Sub-Contractors:<\/strong><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>If your firm is a direct supplier to ADNOC, this is a good time to forge <span style=\"text-decoration: underline;\">partnerships with long-established vendors and contractors of ADNOC<\/span>.<\/li>\n<li>Reputed vendors have an In-Country Value (ICV) Score that would be above-par the industry standards.<\/li>\n<li>The nuances involved in the <a href=\"https:\/\/www.emirateszone.ae\/business-development\/adnoc-icv-certificate-program-benefits-and-faqs\/\">calculation of ICV<\/a> guarantee a mutually benefiting reflection of score on supplier-contractor partnerships.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"4\">\n<li><strong>Register with ADNOC as a Supplier \/ Vendor:<\/strong><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>If your firm is <a href=\"https:\/\/www.emirateszone.ae\/business-development\/adnoc-registration\/\">yet to register as a direct supplier<\/a>, there is no better time than now to begin the process.<\/li>\n<li>Only registered suppliers enjoy eligibility to submit bids directly, as they are invited by ADNOC to submit proposal\/quotations for floated tenders.<\/li>\n<li>The registration process follows a sequence of operating procedures involving policy implementations, documentation, application, submissions, approvals and qualifications.<\/li>\n<li>This process is spread over <strong><u>eight<\/u><\/strong><u> major milestones<\/u> and <strong><u>two<\/u><\/strong><u> key phases<\/u> and could be a tedious and time-consuming process for first-time users. In seasoned hands, the registration could be accomplished in as little as a few weeks\u2019 time.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why the dip is temporary\u00a0and\u00a0how the UAE is unaffected 4 Ways to take Advantage in UAE Should we crash the plate? Not yet, say analysts. Oil &amp; Gas sector worldwide, took a beating as crude oil prices plunged to a 34-year low earlier this week, in the wake of the coronavirus pandemic. Facing one of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92,93,100],"tags":[],"class_list":["post-9878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adnoc-registration","category-icv-consultation","category-pre-qualification"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Crude Oil Price Plunge &amp; Implications - Is it Advantage UAE?<\/title>\n<meta name=\"description\" content=\"Oil &amp; Gas sector worldwide, took a beating as crude oil prices plunged to a 34-year low earlier this week, in the wake of the coronavirus pandemic. Facing one of the biggest selloffs in crude oil history, analysts worldwide are predicting a comeback and the demand for crude oil will be up again once the peak (read worst) of the pandemic is seen off (any time in the next 2-3 months), and matters, inevitably, return to normalcy.Here are 4 ways you can take advantage of the temporary dip:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ezcr.ae\/us-crude-oil-price-plunge-implications-advantage-uae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Crude Oil Price Plunge &amp; Implications - Is it Advantage UAE?\" \/>\n<meta property=\"og:description\" content=\"Oil &amp; Gas sector worldwide, took a beating as crude oil prices plunged to a 34-year low earlier this week, in the wake of the coronavirus pandemic. Facing one of the biggest selloffs in crude oil history, analysts worldwide are predicting a comeback and the demand for crude oil will be up again once the peak (read worst) of the pandemic is seen off (any time in the next 2-3 months), and matters, inevitably, return to normalcy.Here are 4 ways you can take advantage of the temporary dip:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ezcr.ae\/us-crude-oil-price-plunge-implications-advantage-uae\/\" \/>\n<meta property=\"og:site_name\" content=\"Emirates Zone Companies Representation\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-25T11:32:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-25T11:39:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ezcr.ae\/wp-content\/uploads\/2020\/04\/us-crude-oil-price-plunge.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. Crude Oil Price Plunge & Implications - Is it Advantage UAE?","description":"Oil & Gas sector worldwide, took a beating as crude oil prices plunged to a 34-year low earlier this week, in the wake of the coronavirus pandemic. Facing one of the biggest selloffs in crude oil history, analysts worldwide are predicting a comeback and the demand for crude oil will be up again once the peak (read worst) of the pandemic is seen off (any time in the next 2-3 months), and matters, inevitably, return to normalcy.Here are 4 ways you can take advantage of the temporary dip:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ezcr.ae\/us-crude-oil-price-plunge-implications-advantage-uae\/","og_locale":"en_US","og_type":"article","og_title":"U.S. Crude Oil Price Plunge & Implications - Is it Advantage UAE?","og_description":"Oil & Gas sector worldwide, took a beating as crude oil prices plunged to a 34-year low earlier this week, in the wake of the coronavirus pandemic. 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