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OPEC Secretary: Saudis have proven to be a reliable source of oil supplies.

OPEC General Secretary Mohammed Barkindo said the Saudis have shown the world that they are a reliable source of oil supplies.   He also said that the rapid moves taken by Saudi Arabia to resume...

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The International Energy Agency expects global gas demand to grow 1.6% annually until 2024

The International Energy Agency (IEA) confirmed that global gas demand is expected to grow by 1.6 percent annually until 2024, supported by consumption in China, which accounts for more than a third...

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Baker Hughes: Number of active oil rigs in America falls for the seventh week in a row.

US energy companies have cut the number of oil rigs in operation for a seventh consecutive week, as producers continue to implement plans to cut spending on new drilling this year, according to...

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UAE and Russia to boost cooperation in oil, gas and peaceful nuclear energy sectors

HE Minister of Energy and Industry “Suhail Al Mazrouei” said that the visit of President Vladimir Putin of the Russian Federation to the UAE reflects the strength of the strategic partnership...

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Algeria’s oil and gas production down 1.3%

Algeria’s oil and natural gas production fell 1.3%, while refined products fell 4.9% in the first half of 2019 from the same period a year earlier, government sources said.   Algeria, one...

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OPEC decides to continue reducing production levels until December 2019

  The Organization of Petroleum Exporting Countries (OPEC) and its allies in Abu Dhabi agree on September 12, 2019 to maintain the current levels of reductions in oil production until next...

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President & CEO Amin Nasser: Attacks will not delay the IPO of the company on schedule

During his visit to places of terrorist attacks on Aramco facilities, Saudi Aramco president & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that...

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China plans to invest $10 billion in LNG

Japan’s public and private sectors are planning to invest about $10 billion to encourage wider use of liquefied natural gas (LNG) worldwide.   Japanese Industry Minister Aisho Sugawara is...

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Severe differences between Baghdad and Erbil over exporting Kurdistan oil

The Kurdistan region is floating above 45 billion barrels of oil reserves, about a third of Iraq’s 142.5 billion barrels. Kurdistan reserves exceed those of major oil members of OPEC. The...

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Incidental imbalances in Saudi supplies test US ability to close gap

Following the September 14 attacks on oil infrastructure in Saudi Arabia, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the...

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