The cash from the IPO would have given the Saudi sovereign wealth fund fire-power for fresh deals.
Read More »Russia Exerts Oil Stocks to Boost Crude Production
Lukoil. Russia'.s second-biggest oil producer. has increased output by 29.000 bpd.
Read More »BMI Revised Forecasts for Saudi`s Economy
GDP growth forecast at 1.9 per cent in 2018 following Opec meeting in June.
Read More »India Must Resist US Pressure. Buy Oil from Iran
Efforts now need to be made on devising a financial mechanism to overcome the US sanctions.
Read More »New US Proposal to Sanction Nord Stream 2 is Unreasonable
Nord Stream 2 project envisages two pipelines that will be routed via the Baltic Sea.
Read More »Iran Sanctions may Push India Closer to US Oil
The upcoming sanctions on Iran provide a golden opportunity to commercialise more US oil in the Indian market.
Read More »Iraq Puts Plans for a New Oil Company
Lawmakers passed a new law in March to establish the new national oil company.
Read More »Venezuela Discuss It Plans to Raise Oil Production
Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.
Read More »NOC Declares Force Majeure on Oil Exports at Al-Zawiya Oil Port
The NOC shut the oilfield in the aftermath of the incident and 160.000 bpd are lost from the Total output of Libya'.s crude.
Read More »Could Russia and US Work Together to Regulate Oil Prices?
Trump has said Putin is ``a competitor. and a good competitor he is.``
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