Saudi Arabia’s expectations for how long OPEC will need to persevere with production cuts seem to be shifting once again.
Read More »Saudi Oil Min. Hopes OPEC. Allies Can Ease Output Curbs In 2019
Last year. Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia.
Read More »Wintershall Provided About $400 Mln for Nord Stream 2 in 2017
The pipeline project has been welcomed by some countries in Europe and opposed by some others.
Read More »Iraq`s New Oil Licensing Round Delayed by Upcoming Elections
Previous bidding rounds had specific contract models that covered costs and paid a remuneration fee for production.
Read More »New U.S. Sanctions Aims Oil Smugglers in Libya
Production from at least one Libyan oil field has also been disrupted by a dispute over security guards’ pay.
Read More »OPEC Basket Price Rised $64 bbl
The price for April futures of the North Sea Brent oil mix has increased by 0.01 percent to $67.32 per barrel.
Read More »Turkish Cypriots `Must be Part` of Drilling Decisions
Cyprus has been divided since 1974 when a Greek Cypriot coup was followed by violence against the island'.s Turks.
Read More »Saudis Needs Oil Prices to Rise as High as Possible
Saudi Arabia is undergoing a truly seismic shift in its economy. politics. and society. all thanks to the oil price crash of 2014.
Read More »Libyan Outage Caused Oil Prices Rise
Oil prices surged on Friday after the shutdown of a key oilfield in Libya.
Read More »Saudi Arabia Predicts Oil Cuts Reduction Next Year
The IPO is the centerpiece of the kingdom’s plan to wean its economy off oil.
Read More »