Oil
OPEC expects global oil demand to rise by 2020

  The Organization of Petroleum Exporting Countries (OPEC) has forecast that global demand for oil will increase by about 1.14 million barrels per day in 2020. “The factors that could...

Read more
Saudi Aramco Launch First Hydrogen Fuel Station in Saudi Arabia

Saudi Aramco and Air Products launched the first hydrogen fuel station in the Kingdom at the new technology center of Air Products in Dhahran Technology Park. The experimental plant will provide...

Read more
Iraqi oil minister: OPEC agreement + will be reduced The stock achieves price stability

Iraq’s Oil Minister Thamir al-Ghadhban said on Wednesday that OPEC and its allies’ agreement to extend oil production cuts by the end of March 2020 would reduce stocks, help stabilize the...

Read more
Egyptian oil companies won new contracts outside Egypt

  Minister of Petroleum and Mineral Resources Tariq al-Mulla confirmed that Egyptian oil companies won new contracts outside Egypt. He added that investments from the Egyptian companies in foreign...

Read more
Saudi Arabia and Russia agree to extend OPEC’s agreement to cut oil production

Russian President Vladimir Putin said on Saturday that Russia had agreed with Saudi Arabia to extend the OPEC deal to cut oil production for between six and nine months as oil prices are being...

Read more
Aramco is concerned about Gulf attacks .. but can deliver the Demand

Saudi Aramco’s chief executive said the company was concerned about recent events in the Gulf, but Aramco could meet the needs of its customers, thanks to its experience and its spare...

Read more
The world’s Proven oil Reserves Giants:

The latest reports on global oil reserves from approved sources, including the International Energy Agency, British Petroleum review and OPEC, indicate that the world’s largest proven oil...

Read more
World demand for energy to grow at its fastest pace (2.3% in 2018)

The year 2018 marked an increase in demand for all fuels, but natural gas was the fastest growing energy source as being the preferred fuel, accounting for 45% of the increase in energy consumption....

Read more
“The next stage is exceptional in the oil industry”

“The next stage is an exceptional stage in the oil industry, and the geopolitics will have a more important factor in the markets in the coming period,” said Fatih Birol, executive...

Read more
ADNOC announces new land area for oil exploration and production

The data available from the three-dimensional seismic survey includes a large part of the new region, which is promising potential is also close to “Shah” and “nerve” and...

Read more