International

Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.

A combination of these solutions would go a long way in minimizing the impact of climate change.

It looks like the cartel aims for higher oil prices now and will think of regaining market share later.

Turkey’s first drilling vessel. Fatih. has already started searching for gas and oil in waters considered part of Cyprus’s exclusive economic zone.

US production rose slightly for week ending June 28 to 12.2 million bpd. 200.000 bpd down from the all-time high of 12.4 million bpd.

The airlines that had rerouted their flights to keep away from Iranian skies after a NOTAM (notice to airmen) issued by the US are now returning to their conventional routes through Iran’s airspace as they are safer and more economical.

The IPO project was first announced in 2016 as the cornerstone of the Vision 2030 plan to modernise the Saudi economy.

Looking for more green kudos for your company’s energy purchases? If you’re not already. you may soon be.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

They include a community hydropower station. a micro heat network. electric bin lorries and e-bike hire schemes.