Aramco is also expanding its refining investments in China.
Read More »Saudi Aramco Considers to buy stake in Hyundai Oil bank
Aramco'.s plan to buy a stake in Hyundai Oilbank can be seen as Saudi Arabia'.s move to secure its market share in South Korea.
Read More »Trump Administration Weighs Oil Embargo on Venezuela to Expel Maduro
Some energy industry officials are pressuring the Trump administration to hold off.
Read More »Russia`s Oil Price War with U.S. would be Too Costly
The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.
Read More »Crude Oil Futures Moves Lower on OPEC Comments
Market participants would be looking out for last week'.s US inventory data to provide further price direction.
Read More »Gas Flow from Russia Puts Pressure on Market
Europe’s LNG imports are expected to increase by 14% to 56 Bcm.
Read More »US Oil Industry Shocked Middle East Oil Producers
Average US exports of oil products have risen 7% so far this year.
Read More »California To Electrify All Buses By 2029
California just passed a rule that will phase out diesel and gas-powered public transit buses by 2040.
Read More »Saudi Arabia Spares Asia from Crude Cuts in Bid to Keep Market Share
South Korea imported 8.8 million barrels of light sweet WTI Midland and Eagle Ford crude and condensate in October.
Read More »Saudis’ Oil-Market Grip Continues to Slip
Saudi Arabia shouldered most of the production cuts on the OPEC side.
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