ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.
Read More »Saudi Aramco IPO may Not Happen
A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.
Read More »Gulf Sovereign Wealth Funds Commit to Climate Pledge
The development builds on discussions during a climate summit in Paris last year.
Read More »Merrill Lunch: If US Eliminate Iranian Oil Export. it could Spike to $120
OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.
Read More »Ukrainian Parliament Urges the EU to Stop Construction of Nord Stream 2 Pipeline
Deputies of the Ukrainian parliament urged the EU to rely on Ukraine’s gas transportation network capability.
Read More »Oil Exploration Grows in U.S. with Crude Reaching $75
The Permian. with 55% of all the active crude rigs in the country. is the busiest American field.
Read More »Iran`s Oil Minister Hits Back at Trump over Production Demands
Trump’s order to OPEC members to increase production destabilizes the market.
Read More »China’s Energy Giant Enters the Greek Market
The cooperation deal envisages investments worth at least €3 billion ($3.5 billion) in the Greek market.
Read More »Russia`s Gazprom Reveals Information on Its Assets in Great Britain
Gazprom owns a block of shares of Nord Stream AG that was pledged as collateral for funding.
Read More »Libyan NOC Requests Sanctions over Push to Sell Oil from East
Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.
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