Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.
Read More »Egypt’s Energy Hub Dream
Egypt’s local market demand is still too low to absorb the current glut. and pipeline exports to Jordan are still very low.
Read More »Apple to Close All China Mainland Stores Due to Virus Outbreak
Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9 as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago.
Read More »Petchem Diversity to Widen Room for Maneuvering
Iran’s petrochemical industry has over recent years bolstered its presence in the international markets in a bid to increase its share in the lucrative global petrochemical trading.
Read More »TENCO Poised to Strike Oil Development Agreement
Omid Asakareh. CEO of Negin Afagh Kish Energy Development Co (TENCO). says his company is set to sign an agreement for the development of an oil field in southern Iran.
Read More »Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
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 »Cyberattacks Linked to Iran Appear to Target Bahrain Petroleum Co.
An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up or even delete industrial control systems.
Read More »Venezuela Weighs Privatizing Oil in Face of Economic Free Fall
Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.
Read More »Global Corporates Bought Record 19.5GW of Clean Energy in 2019
More than 100 corporations in 23 different countries signed PPAs last year.
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