Oil consumption typically eases during February and March, with refiners using the period to shut some facilities for periodic maintenance. At the same time, strong global supply, including from the...... continue reading
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply...... continue reading
Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will increase after state energy group...... continue reading
The U.S. is seeking to buy up to 3 million barrels of U.S.-produced sour crude oil for delivery in April to help replenish the Strategic Petroleum Reserve (SPR), the Department...... continue reading
The Saudi Power Procurement Co. has invited bids for four independent power plant projects with a combined capacity of 7,200 megawatts. The company has specified that two of the projects, namely...... continue reading
The global oil producer has raised prices for local consumers three times since 2016. However, the recent jump of 53 percent is unprecedented. According to EFG Hermes Research, diesel prices...... continue reading
At the heart of this expansion initiative is the Safaniyah oilfield, recognized as the world's largest offshore oilfield. With multiple tenders both offshore and onshore currently in the bidding stage,...... continue reading
Kommunal Landspensjonskasse, Oslo, divested from 11 firms in the Middle East due to human rights concerns, and from Saudi Aramco for energy transition worries and the firm's "close ties to...... continue reading
India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant...... continue reading
The United States is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth...... continue reading
