Saudi Aramco’s reliable production and supply of energy is the cornerstone of the company, Amin Nasser, president and chief executive officer, said in a statement. “At all our sites, we have in place on-going, active prevention programs as well as detailed contingency plans and leading medical support services to minimize …
Read More »UAE Disappointed on Collapse of OPEC+ Agreement; Calls for a New Agreement
The UAE Minister of Energy and Industry, Suhail bin Mohammed Al Mazrouei, expressed his disappointment after the collapse of the OPEC+ oil cuts agreement, which expires at the end of March. In a series of tweets, Al Mazrouei said that the UAE has ample production capacity that will be quickly …
Read More »Saudi Arabia will Launch Energy Strategy in 3 Months
The Kingdom consumes 688.000 barrels of liquid fuel to generate electricity.
Read More »Is Shale Oil Surge Shifting Global Oil Market Balance?
The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
Read More »Geopolitical Tension Affects Oil Prices for Short Intervals
The Saudi oil producer’s future strategy aims to respond to emergencies through flexibility and trained human resources.
Read More »Aramco to Host IPTC 2020 in Saudi Arabia
The conference will be held on Jan. 13–15 under the auspices of Crown Prince Mohammed bin Salman.
Read More »IEA Cuts Oil Demand Growth Forecasts for 2019. 2020
The IEA had cut its demand growth figures for the year but kept it unchanged for next year.
Read More »SINOPEC Launches First Sustainability Report in Saudi Arabia
It is the first sustainability report issued by a Chinese company in the Kingdom.
Read More »Al-Falih Discusses Saudi Investments in Indian Petchem Sector
Attracting investments to the energy sector which would benefit both the producers and consumers. and the Kingdom’s leading role in maintaining market balance.
Read More »OPEC Nears Deal to Keep Output Curbs in Place
OPEC is currently scheduled to meet on June 25.
Read More »