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.
Read More »Turkish Stream Enters Turkey`s Exclusive Economic Zone
The Turkish Stream project envisages building a gas pipeline along the seabed of the Black Sea to the European part of Turkey and farther on to the border with Greece.
Read More »Saudi Arabia Needs Oil to Trade at US$70 a Barrel in 2018 to Break Even
Oil will trade at $50 to $60 a barrel for the ``medium term.`` the IMF said.
Read More »Russia Signs Nigeria to Build Nuclear Power Plant
Rosatom is seeking to build nuclear power plants in other countries on the continent including South Africa.
Read More »Bahrain Minister Calls for Freezing Qatar`s GCC Membership
Bahrain will not attend the upcoming GCC summit if Qatar takes part.
Read More »Russia Cements Top Spot in Crude Sales to China as Saudis Recede
The Asian nation’s imports of Russian crude jumped 61% to a record 6.35 million metric tons in September from a year earlier.
Read More »China Is about to Do for Global Gas Demand What It did for Oil
The major risk to future gas demand is the possibility that renewable power sources will take a larger slice of the global energy pie faster than now expected.
Read More »Kurdish Oil Keeps Flowing Despite Baghdad`s Threats Over Kirkuk
The federal government has sent troops into areas around Kirkuk and soldiers haven’t entered the city boundaries.
Read More »Saudi Arabia Is Losing Market Share to Its OPEC Rivals
Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.
Read More »Iraq and Iran Boost Oil Exports in Sales Battle with Saudis
OPEC is to meet in November to discuss a possible extension of the deal beyond March.
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