International

It is on the non-oil sector that the kingdom’s economic fortunes will ultimately rest.

The oil market is in a better place today than it was a few years ago.

Russia and Saudi Arabia were the world’s top two oil producers until this year.

Saudi Aramco Retail Company will sell automotive fuels through a network of filling stations in the country.

Iraq is to sign a deal with ExxonMobil and China National Petroleum Corporation for a major energy project soon.

For years. Iraq and Kuwait have been discussing ways to develop and share the cross-border oil fields.

Exxon drilled its first successful well off the coast of Guyana in 2015 and since then has made nine more discoveries.

Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries.

CNOOC has significant experience in management. operations and technology to help build the archipelago'.s first LNG terminal.

The 1.2-million-bpd cut is basically the currently expected production growth in the United States for next year.