Aramco CEO Amin Nasser said that the company is creating an “energy bridge” to China to meet its demand for oil and gas
crude oil
crude oil
Video: The difference between sweet and sour crude oil
No all oil is created equal. There is a surprising difference in price between the US and Dubai benchmarks of oil.
crude oil
OPEC to be squeezed by US shale until mid-2020s, IEA says
By 2024, the Organization of Petroleum Exporting Countries’ capacity to pump crude will actually shrink because of declines in Iran and Venezuela
BAPCO
Bahrain’s Bapco to trade in more petroleum products by 2023 as it expands refinery
The non-OPEC oil producer last year announced its largest ever oil discovery estimated to have at least 80 billion barrels of oil
Abu Dhabi National Oil Company
Adnoc inks deal for world’s largest underground oil storage project
Engineering, procurement and construction contract awarded to South Korean firm for Adnoc Fujairah Underground Storage
Abu Dhabi National Oil Company
Adnoc signs deals with Korean energy firms to explore closer ties
Agreements have been signed with the Korea Gas Corporation, Korea National Oil Company and GS Energy
ADNOC
Bringing the shale revolution to the Middle East
Ahmed Kenawi, senior vice president of the MENA region for oil services giant Halliburton, shares the company’s plans to bring the shale revolution to the Middle East and the technology that will make that happen
crude oil
Oil producers seek new strategies, with oversupply expected next year
Saudi to cut December oil exports by 500,000 bpd
china international import expo shanghai
China’s Hengli signs $3.6bn Saudi Aramco supply deal
Saudi Aramco signed a deal to supply 131,000 bpd crude in 2019
crude oil
India’s trade with GCC sees first positive growth in five years
Crude oil is among the major import items by India from the Gulf region, especially from Saudi Arabia, while UAE the is major destination for India’s jewellery exports
$100 oil price
Why global growth is at risk from $100 oil price
Bank of America Merrill Lynch says $100 oil could shave 0.2% from global economic growth next year
crude oil
What oil at $100 a barrel would mean for the world economy
$100 would mean less for global growth in 2018 than it did after the 2011 spike, because economies are less reliant on energy and because the shale revolution cushioning the US
crude oil
Saudi says door open to future oil output hike if customers request it
Saudi Arabia, Russia and their allies in OPEC signalled less urgency and stopped short of promising specific extra volumes of crude
Aramco IPO
Saudi Aramco’s IPO delay carries silver lining for Riyadh stocks
The decision to put the oil giant’s market debut on hold has removed a threat to investments in other Saudi stocks from what was set to be the world’s largest IPO
Aramco
Investor optimism on global oil price wanes as demand woes loom
Saudi Arabia has formally put the initial public offering of its state oil company on hold while producer Aramco focuses on buying a strategic stake in local petrochemical group Sabic for as much as $70bn
Abu Dhabi National Oil Company
UAE’s ADNOC chases more Japan deals in Asian energy push
Group CEO, Dr Sultan bin Ahmad Sultan Al Jaber, says ADNOC is keen to ‘deepen partnerships and seize growth opportunities’ in Japan
crude oil
OPEC oil production climbs as Saudi Arabia pumps near record
Saudi policy appears to be helping cool prices in the way sought by President Trump