Tag Archives: Market

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

The study predicted that Middle East oil production would reach 37 million barrels per day (bpd) by 2040.

The OPEC cut has boosted prices. which topped $71 a barrel this year for the first time since late 2014.

The Russian leader stressed that such projects as the Nord Stream-2 and the Turkish Stream ".certainly diversify supplies"..

There is no legal deadline for the commission to complete antitrust inquiries into alleged anticompetitive conduct.

Last year. Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia.

Production from at least one Libyan oil field has also been disrupted by a dispute over security guards’ pay.

The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.

Saudi Arabia is undergoing a truly seismic shift in its economy. politics. and society. all thanks to the oil price crash of 2014.

The IPO is the centerpiece of the kingdom’s plan to wean its economy off oil.