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Oil prices rise as storms close production amid hope for COVID-19 treatment

Monday, 24 August 2020

Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half ......

OPEC+ meet to discuss oil output cut agreement amid coronavirus demand slump

Wednesday, 19 August 2020

OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review ......

Iraq-Lebanon gas donations to rise after deadly Beirut port explosion

Monday, 17 August 2020

Iraq will donate to Lebanon more than 1 million liters of gas oil, Iraq’s oil minister announced on ......

Saudi Arabia’s oil giant Aramco will continue plans to boost output capacity: CEO

Monday, 10 August 2020

Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day ......

Shells profits take 82 percent hit amid coronavirus pandemic

Thursday, 30 July 2020

Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82 percent as the COVID-19 ......

Oil prices tumble from four-month high on surprise increase in US stockpiles

Wednesday, 22 July 2020

Oil fell from a four-month high in New York as signs of a surprise increase in US crude stockpiles ......

Kuwait Petroleum cancels contracts, slashes expat jobs amid coronavirus oil slump

Sunday, 19 July 2020

Kuwait Petroleum Corporation (KPC), the state oil company of Kuwait, has cancelled a large number of ......

Oil supply cuts deal may be extended to more than two years: Saudi Energy Minister

Thursday, 16 July 2020

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that the global oil market is still ......

Global oil output cuts easing justified, says Russian Energy Minister Novak

Wednesday, 15 July 2020

Russian Energy Minister Alexander Novak said on Wednesday that the expected easing of oil output ......

OPEC+ is moving to the next phase of oil cut agreement: Saudi Energy Minister

Wednesday, 15 July 2020

Saudi Arabia’s energy minister said on Wednesday that OPEC+ was moving to the next phase of its oil ......

OPEC expects oil demand to rise in 2021, but remain below 2019 levels

Tuesday, 14 July 2020

Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global ......

Saudi Arabia's oil giant Aramco announces it will reorganize its downstream business

Tuesday, 14 July 2020

State energy giant Saudi Aramco said on Tuesday that it will be reorganizing its downstream business ......

IMF slashes Mideast, Central Asia growth forecasts on coronavirus, low oil prices

Monday, 13 July 2020

The International Monetary Fund (IMF) has revised downwards its growth projections for the Middle ......

Saudi oil exports in August to stay at July level as domestic consumption rises

Monday, 13 July 2020

Saudi Arabia’s oil exports in August will remain the same as in July as the extra barrels the ......

Oil prices fall on signs OPEC+ will lower output cuts

Monday, 13 July 2020

Oil edged lower before this week’s OPEC+ committee meeting, which may confirm the group’s intention ......

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