Saudi King and Crown Prince Condole Kuwait

Saudi King and Crown Prince Condole Kuwait

In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »

 12345

Tag Archives: OIL

Oil ministers to meet in Russia as compliance focus turns to Africa

Essam Al-Marzouq

:: Oil exporters are set to meet in Russia on Monday to monitor compliance with production cuts as the focus turns toward output from Africa. Key OPEC and non-OPEC oil nations will discuss the situation in Libya and Nigeria at

Nigeria to put off deciding whether to join OPEC cuts, minister says

:: Nigeria supports OPEC’s efforts to stabilize oil prices, but it wants to wait before deciding whether join the alliance’s cuts in oil production, its oil minister said on Wednesday. “Hopefully, in the next two to three months we can

Saudi Aramco signs deal with foreign, local firms to build huge shipyard

:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil. A shareholder agreement was

Suicide car bomb explodes on highway near oilfields in southern Iraq

:: A suicide car bomber blew himself up at a checkpoint on a highway near oilfields in Iraq’s southern province of Basra on Friday, police sources said. Several people were killed in the blast at the Rumeila checkpoint, including two

Saudi’s SABIC ‘very positive’ on 2017 despite oil market uncertainty

:: Saudi Basic Industries Corporation (SABIC) is “very positive” about 2017 despite global challenges, its chief executive said on Tuesday. Yousef Abdullah al-Benyan told reporters in Riyadh the firm was monitoring the global situation, but it was difficult to predict

Saudi Aramco CEO says oil market rebalancing after OPEC-led cuts

Amin Nasser

The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The Organization of the

To enhance transparency, OPEC and UAE to launch oil and gas database

OPEC and the United Arab Emirates’ ministry of energy will next week launch the first phase of a new global oil and gas database project aiming to develop an easy-to-use tool to analyse energy information and allow for more transparency.

Iran struggles to expand oil exports as sea storage cleared

Iran has sold all the oil it had stored for years at sea and Tehran is now struggling to keep exports growing as it grapples with production constraints, shipping and oil sources say. Since the easing of international sanctions in

King Salman’s Monday talks in Japan to focus on economic ties

King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Saudi king in 46 years, though King Salman visited more

Trump’s lifeline to oil producers?

Dr. Mohamed A. Ramady

By : Dr. Mohamed A. Ramady While President Trump seems to be making the headlines for the wrong reasons concerning rather blunt speaking telephone calls with foreign heads of state and the shambolic introduction of his US entry executive orders

Oil edges further above $55 on Russia, OPEC cuts

Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in US crude inventories limited gains. Russia has cut production

Oil edges further above $55

Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and the Organization of the Petroleum Exporting Countries (OPEC) are delivering on promised supply reductions, although a report showing a large rise in US crude inventories

Saudi crown prince meets Venezuelan president

Venezuela’s President Nicolas Maduro has arrived in Riyadh on Sunday where he met with Saudi Crown Prince Mohammed bin Nayef bin Abdul Aziz, the kingdom’s deputy prime minister and interior minister. The officials discussed ways of boosting bilateral relations between

Libya rivals called on to protect oil terminals

Libya’s state oil company on Sunday called on rival armed factions to avoid damaging the oil terminal in Zueitina, following reports of possible clashes at the eastern port. The National Oil Corporation (NOC) said it was concerned by reports of

Saudi Arabia announces restructure in several government bodies

Saudi Arabia’s King Salman announced a major reshuffle of his government on Saturday which saw longstanding ministers replaced and departments restructured and even split. Among the changes was the closure of a number of councils, commissions and committees, in what

United Nations blacklists Indian tanker carrying Libyan oil

An Indian-flagged oil tanker on Wednesday was added to a United Nations sanctions blacklist for illegally carrying crude from Libya. The Distya Ameya vessel was headed for Malta after leaving on Monday from eastern Libya, where rival authorities were behind

Libya’s Brega port Under Attack

ISIS militants clashed with a Libyan force guarding oil ports near Brega terminal on Saturday, killing one guard and wounding four including Ibrahim Jathran, leader of the Petroleum Facilities Guard (PFG), security and medical sources said. ISIS has a base

Iran welcomes Vietnamese leader, looks to boost trade

Iran’s president welcomed his Vietnamese counterpart on Monday, saying Tehran hopes to boost trade with the Southeast Asian nation to $2 billion from the current $350 million within five years, state media reported. Hassan Rowhani said he and Vietnamese President

Powered by : © 2014 Systron Micronix :: Leaders in Web Hosting. All rights reserved

| About Us | Privacy Policy | Terms of Use | Disclaimer | Contact Us |