The attack on the kingdom’s most important oil production facility has crimped the availability of lighter grades such as Arab Extra Light and Arab Light.
Read More »Iraq Denies Using Its Territories to Attack Saudi Oil Facilities
Iraq calls on all parties to stop carrying out reciprocal attacks and causing huge human and facility losses.
Read More »Oil Prices Rise after Attacks Halve Saudi Output
A sharp rise in oil prices also comes at a delicate time for the global economy.
Read More »Geopolitical Risks Highlights Fragile Oil Supply Chain
The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.
Read More »Iran. Russia Discuss Closer Nuclear Cooperation
Iran and the Group 5+1 on July 14. 2015. reached a conclusion over the text of the JCPOA.
Read More »Saudi Arabia Temporarily Cuts Oil Production
Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.
Read More »Plans For New Cleantech Pilot Project for Masdar City
Azelio. Masdar and Khalifa University of Science and Technology will test a thermal energy storage solution for renewable energy projects.
Read More »Explosion at Largest Crude Oil Stabilization Plant
Saudi Aramco describes its Abqaiq oil processing facility there as ".the largest crude oil stabilization plant in the world.".
Read More »Fire Breaks Out on Tanker at Sture Oil Terminal in Norway
The caption of the ship reported all the 23 people aboard have been accounted for.
Read More »Volkswagen Unveils New ID.3 Electric Vehicle
The car has three battery size options and has a starting price of €30.000.
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