Tag Archives: Pak Observer.net

Qatar has entered into a significant agreement to supply Shell in Singapore with up to 18 million barrels of oil annually for a period of five years, marking the Gulf state’s inaugural five-year crude sales deal. QatarEnergy announced its accord with Shell International Eastern Trading Co. to provide a yearly …

Iran continued to increase its oil production in August to reach three million barrels per day (bpd) and stand at the third place among OPEC top producers, according to figures released in the organization’s latest monthly report. OPEC data showed that Iran’s oil output increased by 143,000 bpd or five …

In what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness, OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday. The meeting will take place on October 5 against the …

The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for electricity generation and heating likely to further spur the sector this winter. The spike in demand and consumption could lead the OPEC+ alliance of oil exporters, which meets in Vienna on Monday, …

Saudi Arabia and other top oil and gas producers have teamed up to help implement the Paris Agreement on climate change and move towards achieving net zero emissions. Other countries who are part of the Net Zero Producers Forum are the US, Canada, Norway, and Qatar. The Saudi energy ministry …

Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year. Saudi Arabia, which was China’s top supplier last year, has exported …