The Saudi giant and the French group are already partners in several large-scale projects in Saudi Arabia.
Read More »Future of OPEC+ Deal to Become Clear in April
The level of execution of the deal by the OPEC countries in January was 86%.
Read More »US Warns India Purchase of Venezuelan Oil
Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »Oil prices Rise on Hopes for US-China Tariff Talks Progress
International Brent crude oil futures had yet to trade.
Read More »Global Oil Supply will Swamp Demand in 2019
Venezuela’s production has almost halved in two years to 1.17 million bpd.
Read More »Southern Gas Corridor can Transport Gas from Turkmenistan. Kazakhstan
The Southern Gas Corridor is one of the priority projects for the EU.
Read More »OPEC Not a Cartel. Doesn`t Fix Oil Prices
OPEC and Russia have been cutting production together to support prices since 2017.
Read More »Chinese Economy Slowdown to Depress Global Oil Demand
Downside risks include a slowdown in global economy which would dent global crude demand.
Read More »Saudi Arabia Needs Oil at $80-$85 a Barrel to Balance Budget
Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.
Read More »Sechin Wants Russia to Quit OPEC Deal
Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.
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