Tag Archives: Arab News

The deal could take as much as a year to bring the field back to full capacity.

Aramco spends a big proportion of its research and development budget on measures to counter the environmentally damaging effects of the oil and gas business.

Zanganeh did not speak to reporters upon arrival in Vienna for the OPEC summit.

OPEC’s own outlook reflected a surplus of around 70.000 barrels per day (bpd) next year.

The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.

Sluggish refinery activity in the first three quarters has caused crude oil demand to fall in 2019 for the first time since 2009.

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.

Rising climate activism in the West and widening use of alternative fuels are putting the strength of long-term oil demand under more scrutiny.

VLCC freight rates for key crude oil supply routes to Asia have surged since the US ratcheted up sanctions in recent months.

Saudi Arabia is pressing ahead with plans to sell between 1 percent and 2 percent of Aramco through a local listing.