International

Total has a very strong presence in the Middle East. with operations in Saudi Arabia. the UAE. Qatar. and. from this year. Iran.

OPEC’s de facto leader. Saudi Arabia. needed to hit the $60 benchmark in order to feel safe in authorizing its state-run firm. Saudi Aramco’s. initial public offering.

The North Oil Company (NOC) has stopped feeding crude oil into the export pipeline.

The latest set of restrictions is being imposed over the conflict in Ukraine.

Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown.

Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.

Global oil supply rose 90.000 b d in September to 97.5 mb d as non-OPEC output edged higher with output standing at 620.000 b d higher than last year.

While China pushes for the petro-yuan. Russia is also making moves which could have serious implications for the U.S. dollar.

Novatek plans to work on another LNG plant once its Yamal capacities are launched.

Saudi Arabia is on course with a Saudization policy that aims to reduce its reliance on immigrant labor in the public and private sector.