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...
Read moreOman LNG has allocated 6 million Omani Rials to fight Covid-19. The company will contribute an amount of 2 million Omani Riyals to the fund established by the Higher Committee for Covid-19 and the...
Read moreOil 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...
Read moreGlobal 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 moreA 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 moreThe Egyptian Ministry of Petroleum announced on Monday that it has signed a new contract to explore for oil and gas in the Nile Delta with the German company Wintershall DIA, with investments more...
Read moreOmani Oil Minister Mohammed bin Hamad Al-Rumhi said on Saturday 8 February 2020 that his country supports the recommendations made by the technical committee in (OPEC +, which is OPEC and its allies...
Read moreEgyptian Oil Minister Tareq El Mulla signed nine agreements to explore for and produce oil and gas in the Mediterranean and Western Sahara regions on Monday, January 20, 2020, according to...
Read moreAs 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...
Read more