Tag Archives: Persian Gulf Countries

Brent is set to enter 2019 below $54 per barrel and is expected to trend lower amid surging US supply.

UAE remains optimistic about achieving a market balance during the first quarter of 2019.

Aramco set the butane price at $420 a tone.

It is on the non-oil sector that the kingdom’s economic fortunes will ultimately rest.

Saudi Aramco Retail Company will sell automotive fuels through a network of filling stations in the country.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.

For years. Iraq and Kuwait have been discussing ways to develop and share the cross-border oil fields.

Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries.

The Spark project forms part of Vision 2030. which is an initiative promoted by the Saudi Arabian government.

OPEC and non-OPEC producers will hold an extraordinary meeting and do what is necessary to balance the market.