The Aramco IPO will undoubtedly raise an enormous amount of capital. and prospects look good for the immediate future.
Read More »Saudi Arabia Remains South Korea’s Top Oil Supplier
The US has seen an increase in its oil supply to South Korea.
Read More »US will Help Secure Baltic Energy Grid against Cyber-Attacks
Lithuania. Latvia and Estonia are on track to integrate into the European energy grid by 2025.
Read More »Ecuador’s Decision to Withdraw from OPEC Came as Surprise to Organization
Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.
Read More »Pompeo Pressures Italy to Ban Iran`s Mahan Airlines
Italy has received rounds of waivers from the US on Iran sanctions.
Read More »Saudi Energy Minister Predicts Era of ‘Perpetual Stability in World Oil’
The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.
Read More »Brazil Oil Auction Attracts Interest from BP. Exxon. Shell
This is an auction for big players given the volume of oil involved.
Read More »Barkindo Invites 97 Oil Producing Countries to Join Charter of Cooperation
The Charter of Cooperation is a high-level voluntary commitment.
Read More »BP Prepares for Dudley`s Plan to Step Down
The American executive’s tenure has focused on restoring BP to the position it had before the rig explosion in the Gulf of Mexico.
Read More »Iraq Prepares For Oil Export Boom
The Oil Ministry expects that the new island and related plans will allow it to almost double its export capacity within three years.
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