- Opening ceremony of the 17th Arab Steel Summit under the patronage of H.E. Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affa...
- 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
oil
The International Energy Agency: Clean Energy is more elastic in facing Covid-19 virus compared to fossil fuels
The International Energy Agency believes that renewable energy will be the single most elastic source in the face of the biggest shock to the global energy sector in 70 years due to the Covid-19,...
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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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The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets
The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...
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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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After a historic decline .. US oil price is back to rise above the zero level ($ 0)
The price of US oil, WTI, rose again above zero on Tuesday, April 21, 2020, after falling to zero for the first time, due to lower demand on global energy markets, where demand fell by about a third,...
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Russia cuts oil production by 2.5 million barrels per day, starting in May 2020
Russian industry sources confirmed on Monday, April 20, 2020 that the Russian Energy Ministry asked local oil producers to reduce oil production by about 20% from the February 2020 average levels,...
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Kuwait Oil Company to cut production by 646 thousand barrels per day to implement its share of the (OPEC+)
Kuwait Oil Company is developing a plan to implement OPEC’s new decision by cutting Kuwait oil production by 646 thousand barrels per day in order to reduce the world oil glut in the market and to...
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Oman LNG to allocated 6 million Omani Rials to cover the influence of Covid-19
Oman 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...
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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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Norway’s Minister of Oil to lead her country to become a model in reducing emissions.
In January 2020, Tina Bru was appointed as Minister of Oil and Energy in Norway. She stated after her appointment that she plans to develop renewable energy with the aim of pushing Norway to become a...
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