Saudi Aramco’s planned purchase of the region’s biggest petrochemical company comes as it targets downstream investments in a move away from relying on crude oil sales.
Read More »US Sanctions more Sinister than Coronavirus
Head of Presidential Office'.s Center for Strategic Studies Hesameddin Ashena said on Friday that the US sanction is the same background disease that makes Corona more lethal and sinister for Iranians.
Read More »The Real Virus Threat to OPEC Is a $30 Oil Price
Oil traders will remain hard to convince that producers are doing enough.
Read More »Int`l Cooperation Key to Control. Contain and Uproot Coronavirus
Iran appreciates all countries and international bodies which have helped confront coronavirus and considers international community'.s cooperation as key to control. contain and uproot the epidemic. Iranian Embassy in Tbilisi said in a statement.
Read More »The Most Ambitious Climate Pledges from Big Oil are Still Weak
Natural gas is like the e-cigarette of fossil fuels.
Read More »US Oil Rig Count Falls Slightly As Producers Cut Spending
The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.
Read More »Saudi Aramco Gets EU’s Unconditional Approval for $69 bln SABIC Deal
In March 2019. Aramco announced the deal in a key move towards its diversification into refining and petrochemicals.
Read More »Hydrogen. The Cleaner. Greener Fuel for Future
The rise and ever-declining costs of wind and solar have given hydrogen a new lift.
Read More »Pakistan Reopens Borders with Iran
Pakistan reopened its border with Iran on Saturday. according to the Pakistani official.
Read More »U.S. to Sell 12 MMbbl of Oil just as Virus Hits Demand
The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
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