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 »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: OIL
Fires reach fifth oil depot in Libya’s al-Sidra port
More storage tanks were ablaze Saturday at one of Libya’s main oil terminals after a rocket attack by Islamist militants, officials said as the U.N. denounced attacks on oil installations. The rocket was fired on Thursday by militiamen from Fajr
Islamist militants kill 19 soldiers in east Libya
At least 19 Libyan soldiers were killed in clashes with Islamist militia on Thursday east of the country, where an oil tank also caught fire in separate fighting, officials said. A military source said the soldiers were killed in attacks
Libya Islamists press advance on key oil region
Islamist fighters clashed with pro-government forces for the second consecutive day Sunday as they pressed an advance on a key oil region in eastern Libya, sources on both sides reported, according to Agence-France Presse. Libya Dawn (or Fajr Libya), an
Tunisia closes largest border point with Libya
Tunisia closed its largest border point with Libya at Ras Gdair on Sunday following heavy clashes between the forces of retired Libyan General Khalifa Haftar and the Dawn of Libya rebel forces. Earlier today, Haftar forces declared their control of
Egypt militant group ‘kills’ U.S. oil worker in Sinai
An Egyptian militant organization allied with the Islamic State group has claimed responsibility for the killing of an American oil worker. Ansar Bayt al-Maqdis, which now refers to itself as the Sinai Province, said on its official Twitter account late
Egypt spent $3 bln on fuel subsidies in the first quarter
Egypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 percent from the same quarter a year ago, an oil ministry official said on Monday. As part of efforts
Oil price drops under $92 to 27-month low
LONDON : Oil prices fell to their lowest level since June 2012, after price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data. Oil declined alongside European stocks as the European Central Bank
Oil swoons below $95 as gasoline expires, dollar weighs
World oil prices tumbled to their lowest in more than two years on Tuesday, with U.S. crude posting its biggest daily decline since 2012 as expiring October gasoline futures tumbled 4.5 percent and the U.S. dollar rose. New York RBOB
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