The amount of crude OPEC is capable of pumping is also set to deteriorate.
Read More »Crown Prince’s Visits to India. China not Only About Oil
The West has sought for decades to secure oil resources for its own energy security.
Read More »Saudi Arabia will Attract over US$425 Billion in Investments for Vision 2030
In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.
Read More »Saudi. Russian Energy Ministers will Hold Talks in Davos
Saudi Arabia has used the forum in recent years to pitch for foreign investment.
Read More »Oil Extends Gain on OPEC`s Output Pact
Libya’s largest oil field was halted after members of the Petroleum Facilities Guard shut down pumps leading to tanks.
Read More »Prices Surge as OPEC Reaches Agreement
The deal was announced after Novak held bilateral meetings with several counterparts.
Read More »Saudi Stocks Lead Gulf Drop as Aramco IPO Confirmed
The stalled plan to sell shares in oil giant Aramco will go ahead.
Read More »Saudi Arabia Plans 10% Increase in Spending to Spur Economic Growth
Despite efforts to expand the economy. growth will remain under 2.5 percent during the next three years.
Read More »Artificial Intelligence Lab will Help UAE Track Solar Power. Pollution
The lab will use AI technology to identify concentrated solar energy locations as well as monitor and analyze levels of air pollutants in the country.
Read More »ADNOC Pursue more Japan Deals in Asian Energy Push
The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.
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