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  • Saudi Aramco Said to Consider Buying Valvoline’s Petroleum Unit

    Saudi Aramco is considering buying a unit of Valvoline Inc. that sells lubricants and other automotive products as the state-owned oil giant seeks to expand globally, people familiar with the matter said. Aramco made an approach to Valvoline to buy its global products business, the people said, asking not to be identified as the matter is private. Talks are ongoing and there is no guarantee that the two parties can reach an agreement, the people said.

  • UAE Sends Rare Cargoes of Oil Toward Europe Amid Russia Snub

    The last UAE cargoes to Europe were delivered in May 2020 when Covid-19 was upending oil markets, the tracking data show. The delivery to Egypt will likely go into a pipeline that crosses the North African country, allowing for collection at the Mediterranean port of Sidi Kerir.

  • Visualizing U.S. Crude Oil and Petroleum Product Imports in 2021

    Despite being the world’s largest oil producer, in 2021 the U.S. still imported more than 3 billion barrels of crude oil and petroleum products, equal to 43% of the country’s consumption.

  • Visualizing U.S. Crude Oil and Petroleum Product Imports in 2021

    Despite being the world’s largest oil producer, in 2021 the U.S. still imported more than 3 billion barrels of crude oil and petroleum products, equal to 43% of the country’s consumption.

  • Iran talks stalemate ‘de-blocked’ after EU visit, but ‘difficult obstacles’ remain

    U.S. officials said they were waiting for a detailed debriefing from EU Deputy Secretary General Enrique Mora on his team's discussions in Iran this week, but were not expecting a big breakthrough.

  • China’s April coal output leaps 11% on year, but demand downturn looms | Reuters

    China's daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing's order to increase supply to ensure security of the country's energy supply, but the volume dropped from a record high set in March.

  • U.S. Strategy: Rebalancing Global Energy between Europe, Russia, and Asia and U.S. Security Policy in the Middle East and the Gulf

    If the U.S. and its European strategic partners decide to establish a stable level of deterrence and defense against Russia, this will require them to establish lasting alternatives to oil and gas imports from Russia, particularly as the latest international analyses by the U.S. Department of Energy (DOE) indicate the demand will increase through 2050 in spite of major increases in renewables and alternative fuels.

  • Qatar’s migrant army queues for glimpse of World Cup

    For the latest stage of its final display in Qatar before the tournament, the trophy was set up in a car park near Doha's main cricket stadium in Asian Town. Each person had about 15 seconds on Friday to snap a picture with the cup that is currently held by France. A Bangladeshi pop group and Indian drummers entertained the waiting hordes. Azam Rashid, a carpenter who worked on two stadiums, said he was among the many workers who could not afford tickets but was intrigued by the cup. "The tickets may be too expensive, but Qatar and the World Cup has given me an opportunity," he said.

  • Meet Abdallah Of Arabia: Abdallah Abu-Sheikh, The Serial Entrepreneur Behind UAE-Based Barq And Rizekk

    Abdallah Abu-Sheikh is the co-founder and CEO of Barq, the first-of-its-kind tech-driven network of electric vehicles built to serve the MENA region's last mile delivery sector.

  • OPEC Stays Silent As EU Rushes To Ban Russian Oil

    The EU wants to give itself six months to find alternative suppliers of crude oil before halting the intake of Russian barrels. That these are also six months Russia can use to redirect more of its oil east is not something Brussels likes to talk about, but that’s beside the point. Without OPEC on its side, the EU might have to give its citizens the bad news that petrol, diesel and everything that gets transported with internal combustion engine vehicles is going to remain expensive for longer than one might have hoped.