- Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves
- Qatar Energy to add another 2 gigawatts to its installed solar capacity
- Indian Oil Corporation signs second agreement with Ruwais LNG
- The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions
- Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts
- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
السعودية
The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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Saudi Arabia cuts its production to 8.5 million barrels per day in May 2020
A few days ago, Saudi Aramco sources said that they would cut production to 8.5 million barrels per day during May 2020, as part of OPEC+ agreement with Russia and other major oil producers. Under...
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Kuwait to export first oil shipment from Neutral Zone with Saudi ِArabia
The Kuwaiti Ministry of Oil announced on Sunday 5 April 2020 that it had exported the first shipment of oil from the Khafji field outside the country, through joint operations in the neutral zone...
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The United States may have to impose tariffs on oil imports if prices continue to decline
Oil prices in world markets have fallen to about $20 a barrel, the lowest level in the past two decades. The sharp decline in oil prices is attributed to the spread of Corona virus (Covid-19) and the...
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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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Agreement on Oil Production Rates.. Saudi Arabia and Russia at Crossroads
Russia announced a few days ago that it will not support further cuts in oil production from OPEC+. This was followed by a notable decline in crude oil prices, to reach today at $37 a barrel (Brent...
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OPEC and Russia deepen oil output cuts
Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...
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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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Saudi Arabia and Kuwait agree to restore shared Oil Production in Neutral Zone
Kuwait and Saudi Arabia agree to stop the political dispute related to oil production from the fields of the Neutral Zone, which lasted for five years, and the agreements paved for the resumption 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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