Corporations
Oil prices to fall amid news of delaying the Saudi and Russian talks

Global oil prices fell after the meeting of Saudi Arabia and Russia on the trend to cut production was postponed as the spread of the Corona virus affected demand, BBC reported. Trump expected Saudi...

Read more
Iraq Warns of the Collapse of Oil Prices Due to Abundant Supplyً

A spokesman for the Iraqi Oil Ministry said on Monday, 9th March 2020 that pumping more oil to the markets in these circumstances will lead to a price collapse because the Saudi Aramco company...

Read more
KOTC Takes Delivery of Massive Gas Tanker

On Tuesday, 10th of March 2020, the Kuwait Oil Tanker Company (KOTC) received the huge LNG carrier “Umm Al-Ruwaisat” as part of a comprehensive overhaul of the company’s fleet, according to...

Read more
Shell Provides Online Artificial Intelligence Training for its Employees

The Dutch company Shell is expanding an online program that teaches its employees artificial intelligence skills, to reduce costs, improve business operations and generate revenue. The company said...

Read more
Egypt Signs five Cooperation Agreements in Oil and Gas Field

Egypt signed a number of agreements on Wednesday, February 11, 2020 during the Egypt International Petroleum Exhibition (EGYPS) held in Cairo, where Minister of Petroleum and Mineral Resources Tariq...

Read more
World Bank: Global debt to exceed $257 trillion

Reports from the World Bank and the International Finance Corporation indicate that the global debt size is expected to increase to its highest level to $ 257 trillion in the first quarter of 2020,...

Read more
OPEC production expected to decline in 2020 due to the spread of Corona virus in China

The US Bloomberg agency said in its report published on Sunday, 2nd February 2020 that the Organization of Petroleum Exporting Countries “OPEC” has to reduce its production to overcome...

Read more
Chevron expects to restore production of the neutral zone between Kuwait and Saudi Arabia within 12 months

After four and a half years, the Wafra oil field is set to resume production soon. Ed Colina, Chevron Operations Advisor, speaking at a technical session at the International Petroleum Technology...

Read more
OPEC to extend oil output cuts till June Cause of Coronavirus

OPEC sources have confirmed to Reuters that they want to extend the current cuts in oil production until June 2020, with the possibility of making further cuts if oil demand in China is greatly...

Read more
ECSSR: Abdul Latif Al-Zayani: “GCC is a successful model for regional cooperation in facing challenges”

His Excellency Dr. Abdullatif bin Rashid Al Zayani, Secretary-General of the Cooperation Council for the Gulf Arab countries, delivered a lecture on Wednesday 15 January 2020 at the Sheikh Zayed Hall...

Read more
© 2010 - 2026 . All Rights Reserved