Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing.
Read More »UAE in Compliance with OPEC and Non-OPEC Output Curbs
The UAE’s output at the end of January according to secondary sources cited by OPEC was 3.078 million bpd.
Read More »India Seeks Saudi Investments to Bolster Crude Reserves
India has already built 5.33 million tons of underground reserves in three locations.
Read More »Saudi Arabia Discovers Large Natural Gas Find in Red Sea
Saudi Aramco’s gas development programme is expected to attract as much as $150 billion in investment over the next decade.
Read More »Saudi Aramco IPO expected within two years
Saudi Aramco is expected to issue its initial public offering (IPO) within two years.
Read More »Novatek Completes Sale of 10% Stake in Arctic LNG 2 to Total
Novatek previously agreed to grant Total the option to acquire a 10% to 15% direct interest in all of its future LNG projects.
Read More »New Maritime Measures Threaten to Rock Oil Industry’s Boat
Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.
Read More »Saudi Arabia may Raise April Crude Prices for Asia
Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.
Read More »Oil Industry Faces ‘Crisis of Perception’ among Stakeholders
Passenger vehicles represent 20 percent of the world’s oil demand.
Read More »Saudi Aramco Plans to Shift around 2-3 Million Barrels of Crude Oil to Chemicals
The company is looking at an around 30%-40% downstream integration in its refineries from 11% in recent years.
Read More »