Tag Archives: Reuters International News Agency

US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.

Aramco. which is leading construction of the shipyard. did not reveal the value of the contract.

Rosneft also plans to close the deal to buy a stake in India'.s refiner Essar Oil in the coming days.

Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.

Shares of major shale producers. including Pioneer Natural Resources Co. and EOG Resources Inc.. tumbled this week as investors began to lose confidence in the prolific Permian basin.

Last June. Italy'.s state-run shipbuilding corporation Fincantieri announced a 4-billion-euro contract to deliver some vessels for Qatari Navy.

The Siemens consortium. which includes Turkey'.s Kalyon and Turkerler. submitted a bid of $3.48 cents per kilowatt-hour to beat a rival bid from Chinese firm Ming Yang.

In the Middle East. the United Arab Emirates will take 111.000 bpd. up 3 percent from July.

American officials have provided little assurance that Aramco wouldn’t be a target of litigation. according to the people with knowledge of the situation.

Oil production has risen amid efforts to shift excess supplies.