Talks between Iraq and Saudi Arabia have led to ``positive results`` in collaborating in the fields of fuel and energy.
Read More »Al-Abadi Fires Electricity Minister after Weeks of Protest
Electricity consumption has gone up in Iraq since the 2003 US-led invasion that toppled Saddam.
Read More »Putin Invites Trump to Moscow for “Important“ Talk
Putin praised Trump for what he called ".his eagerness to meet all his promises he made to voters during his election campaign.".
Read More »SABIC CEO Says Aramco Acquisition Talks are Only with PIF
JPMorgan and Morgan Stanley have been picked to advise on Aramco’s plan to buy up to a 70 percent stake in the petrochemical maker.
Read More »GCC Condemns Houthi Attack on Saudi Arabia Red Sea Oil Tankers
An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.
Read More »Oil Rises on US-EU Trade Talks. Red Sea Shipping Suspension
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.
Read More »Saudi’s Aramco Plan B is on Ice
Aramco’s huge oil reserves with SABIC doesn’t automatically create much value.
Read More »Iran Plans to Launch National Cryptocurrency
This week. Iran announced that it had developed its first national encrypted key. based on blockchain technology.
Read More »Aramco Unlikely to Reduce Oil Exports to West after Houthi Attack
Oil producer has alternative channels to transport crude to its customers in Europe.
Read More »China’s Economic Growth Could Boost Oil Demand
China’s economic growth eased in the second quarter of this year to 6.7 percent.
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