Aramco plans to cater to the renewables sector by helping replace the use of glass in solar panels with polycarbonate.
Read More »Oil Price Drops to $83 on Signs of Iran’s Exports
Concern that the U.S.-Chinese trade war could slow down economic growth and hit oil demand also weighed on the market.
Read More »IEA Urges OPEC to Boost Output
Birol has welcomed efforts by top OPEC producer Saudi Arabia to increase output.
Read More »Chinese Oil Product Consumption Grows 6% in August
Chinese oil product consumption between January and August rose by 5.8 percent compared to the same period last year.
Read More »Petchems will Drive more than a Third of Oil Demand Growth by 2030
Aramco. the world’s biggest oil producing company. is in talks to acquire a stake in Sabic. the region’s biggest petchems producer.
Read More »Oil Prices Decline as U.S. Considers some Waivers on Iran Oil Exports
U.S. sanctions will target Iran’s crude oil exports from Nov. 4.
Read More »Saudi Arabia will not be Able to Fill Looming Oil Supply Gap
Saudi Arabia has been under pressure by the US to pump more barrels to prevent oil prices from overheating.
Read More »Total and Sonatrach Sign New Agreements
Sonatrach and Total will develop the reserves of Erg Issouane. located on the TFT Sud permit in Algeria.
Read More »Russian Exploration Company Discusses Geological Exploration with Libya’s NOC
Libya has been torn apart by conflict since 2011.
Read More »Goldman Sachs Warns Oil Market Surplus in Early 2019
Goldman’s analysts said production in Libya and Nigeria was higher than expected.
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