Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Tag Archives: OIL
Oil ministers to meet in Russia as compliance focus turns to Africa
:: Oil exporters are set to meet in Russia on Monday to monitor compliance with production cuts as the focus turns toward output from Africa. Key OPEC and non-OPEC oil nations will discuss the situation in Libya and Nigeria at
Nigeria to put off deciding whether to join OPEC cuts, minister says
:: Nigeria supports OPEC’s efforts to stabilize oil prices, but it wants to wait before deciding whether join the alliance’s cuts in oil production, its oil minister said on Wednesday. “Hopefully, in the next two to three months we can
Saudi Aramco signs deal with foreign, local firms to build huge shipyard
:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil. A shareholder agreement was
Suicide car bomb explodes on highway near oilfields in southern Iraq
:: A suicide car bomber blew himself up at a checkpoint on a highway near oilfields in Iraq’s southern province of Basra on Friday, police sources said. Several people were killed in the blast at the Rumeila checkpoint, including two
Saudi’s SABIC ‘very positive’ on 2017 despite oil market uncertainty
:: Saudi Basic Industries Corporation (SABIC) is “very positive” about 2017 despite global challenges, its chief executive said on Tuesday. Yousef Abdullah al-Benyan told reporters in Riyadh the firm was monitoring the global situation, but it was difficult to predict
Saudi Aramco CEO says oil market rebalancing after OPEC-led cuts
The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The Organization of the
To enhance transparency, OPEC and UAE to launch oil and gas database
OPEC and the United Arab Emirates’ ministry of energy will next week launch the first phase of a new global oil and gas database project aiming to develop an easy-to-use tool to analyse energy information and allow for more transparency.
Iran struggles to expand oil exports as sea storage cleared
Iran has sold all the oil it had stored for years at sea and Tehran is now struggling to keep exports growing as it grapples with production constraints, shipping and oil sources say. Since the easing of international sanctions in
King Salman’s Monday talks in Japan to focus on economic ties
King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Saudi king in 46 years, though King Salman visited more
Trump’s lifeline to oil producers?
By : Dr. Mohamed A. Ramady While President Trump seems to be making the headlines for the wrong reasons concerning rather blunt speaking telephone calls with foreign heads of state and the shambolic introduction of his US entry executive orders
Oil edges further above $55 on Russia, OPEC cuts
Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in US crude inventories limited gains. Russia has cut production
Oil edges further above $55
Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and the Organization of the Petroleum Exporting Countries (OPEC) are delivering on promised supply reductions, although a report showing a large rise in US crude inventories
Saudi crown prince meets Venezuelan president
Venezuela’s President Nicolas Maduro has arrived in Riyadh on Sunday where he met with Saudi Crown Prince Mohammed bin Nayef bin Abdul Aziz, the kingdom’s deputy prime minister and interior minister. The officials discussed ways of boosting bilateral relations between
Libya rivals called on to protect oil terminals
Libya’s state oil company on Sunday called on rival armed factions to avoid damaging the oil terminal in Zueitina, following reports of possible clashes at the eastern port. The National Oil Corporation (NOC) said it was concerned by reports of
Saudi Arabia announces restructure in several government bodies
Saudi Arabia’s King Salman announced a major reshuffle of his government on Saturday which saw longstanding ministers replaced and departments restructured and even split. Among the changes was the closure of a number of councils, commissions and committees, in what
United Nations blacklists Indian tanker carrying Libyan oil
An Indian-flagged oil tanker on Wednesday was added to a United Nations sanctions blacklist for illegally carrying crude from Libya. The Distya Ameya vessel was headed for Malta after leaving on Monday from eastern Libya, where rival authorities were behind
Libya’s Brega port Under Attack
ISIS militants clashed with a Libyan force guarding oil ports near Brega terminal on Saturday, killing one guard and wounding four including Ibrahim Jathran, leader of the Petroleum Facilities Guard (PFG), security and medical sources said. ISIS has a base
Iran welcomes Vietnamese leader, looks to boost trade
Iran’s president welcomed his Vietnamese counterpart on Monday, saying Tehran hopes to boost trade with the Southeast Asian nation to $2 billion from the current $350 million within five years, state media reported. Hassan Rowhani said he and Vietnamese President
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