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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 ......

Iran will develop oil industry despite US sanctions: Minister

Saturday, 11 July 2020

Iran is determined to develop its oil industry in spite of US sanctions imposed on the country, ......

Russia has no plans to meet with Saudi Arabia ahead of OPEC+ meeting: Kremlin

Thursday, 09 July 2020

The Kremlin said on Thursday Russia currently had no plans to hold talks with Saudi Arabia ahead of ......

Libya’s NOC says it is ready to lift force majeure at Es Sider oil port

Wednesday, 08 July 2020

Libya’s National Oil Corporation (NOC) said on Wednesday that it is ready to lift force majeure at ......

Oil production resumes at two oilfields shared by Saudi Arabia and Kuwait

Monday, 06 July 2020

Oil production resumed early July at the Wafra oilfield, shared by Kuwait and Saudi Arabia, after a ......

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