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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...

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Pressures on the Revenues of the GCC Countries Due to the Collapse of Oil Prices

Experts of Fitch International credit rating agency said on Monday 9 March 2020 that the collapse of oil prices will put pressure on the financial returns of the Gulf Cooperation Council countries,...

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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...

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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...

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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,...

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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...

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Oil prices jump to $70 a barrel due to tension in the Gulf region

As tensions between the United States and Iran escalated, oil prices jumped to more than $70 a barrel. The immediate rise in prices was among the biggest jumps since the attack on Aramco oil...

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Shell withdraw from onshore projects in Egypt

15.11.2019 Royal Dutch Shell has appointed Citibank to manage the $1 billion sale of oil and gas in Egypt’s Western Desert. Sources told Reuters the sale would officially begin at the end of...

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Launching the first Solar Project in Saudi Arabia

27.11.2019 The governor of Saudi Arabia’s Jouf region announced that they are launching the first renewable energy project before the end of 2019, according to the Saudi Press Agency. Mohammed...

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Increasing “Bahrainisation” operations in the Bahraini oil sector

24.11.2019 Bahrainis account for 80% of employees in companies run by the National Oil and Gas Authority (NOGA). Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa confirms that Bapco’s...

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