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OPEC+ struggles to pump more oil to meet rising demand OPEC+ struggles to pump more oil to meet rising demand
OPEC and its allies struggled again to pump enough oil in August to meet global demand as it recovers from the coronavirus pandemic, potentially adding to upward pressures on oil prices.Several OPEC+ ...
Energy 4 days ago
Aramco signs 22 MoUs, one JV in major expansion of its industrial investment program Aramco signs 22 MoUs, one JV in major expansion of its industrial investment program
Aramco announced on Tuesday a major expansion of its industrial investment program, Aramco Namaat, with the signing of 22 new Memoranda of Understanding (MoUs) and one joint venture (JV) agreement ...
Energy 07 September ,2021
Oil prices mixed, with strong Chinese economic data capping losses          Oil prices mixed, with strong Chinese economic data capping losses
Oil prices were mixed on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia sparked fears over slower demand, but strong Chinese economic data capped losses. Brent crude ...
Energy 07 September ,2021
UAE oil producer Adnoc to list drilling unit in likely largest Abu Dhabi IPO UAE oil producer Adnoc to list drilling unit in likely largest Abu Dhabi IPO
Abu Dhabi National Oil Co. is planning to sell shares in its drilling unit in what would rank among the largest initial public offerings in the United Arab Emirates.The company will offer at ...
Energy 06 September ,2021
 Oil prices down after Saudi price cuts for Asia spur demand concerns Oil prices down after Saudi price cuts for Asia spur demand concerns
Oil prices fell on Monday, extending losses after the world's top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns ...
Energy 06 September ,2021
Oil prices steady ahead of US jobs report as US hurricane recovery weighs in Oil prices steady ahead of US jobs report as US hurricane recovery weighs in
Oil prices were largely steady on Friday as a rebound in global demand was widely expected but a slow recovery for the US Gulf Coast export and refining hub from the hurricane earlier this week ...
Energy 03 September ,2021
Oil producers uphold July decision, to steadily add back production: OPEC+ Oil producers uphold July decision, to steadily add back production: OPEC+
Members of the OPEC oil producing group and allied countries led by Russia signed off Wednesday on gradually increasing production as the global economy and demand for fuel continue to recover from ...
Energy 01 September ,2021
Oil prices edge lower as US pushes OPEC seen going ahead with output increase Oil prices edge lower as US pushes OPEC seen going ahead with output increase
Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel. Prices ...
Energy 31 August ,2021
OPEC+ likely to stick to oil output policy from September, with modest increase OPEC+ likely to stick to oil output policy from September, with modest increase
OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, three OPEC+ sources told Reuters. The ...
Energy 30 August ,2021
Oil prices jump as storm approaches Gulf of Mexico production hub Oil prices jump as storm approaches Gulf of Mexico production hub
Oil prices rose on Friday and are on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible ...
Energy 27 August ,2021
Oil rally ends amid COVID-19 concerns, returning production Oil rally ends amid COVID-19 concerns, returning production
Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as Mexico restored some oil production. ...
Energy 26 August ,2021
Value of Saudi Arabia’s June oil exports rise 123 pct to over $16 bln Value of Saudi Arabia’s June oil exports rise 123 pct to over $16 bln
The value of Saudi Arabia’s oil exports in June increased 123 percent to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41 percent, official data showed ...
Gulf 24 August ,2021
Oil prices rebound after seven-day losing streak, helped by weaker dollar Oil prices rebound after seven-day losing streak, helped by weaker dollar
Oil prices jumped 3 percent on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the delta coronavirus ...
Energy 23 August ,2021
Oil drops towards $66, lowest since May, on concerns due to  rising COVID-19 cases Oil drops towards $66, lowest since May, on concerns due to rising COVID-19 cases
Oil dropped towards $66 a barrel on Thursday to its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger US dollar and a surprise increase in US gasoline ...
Coronavirus 19 August ,2021
Oil prices steady as delta variant outbreaks cloud demand prospects Oil prices steady as delta variant outbreaks cloud demand prospects
Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of transport remained constrained ...
Energy 18 August ,2021
Oil prices down weighed down by weak Asian demand Oil prices down weighed down by weak Asian demand
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need ...
Energy 17 August ,2021
OPEC sticks to 2021, 2022 oil demand forecasts despite COVID-19 challenges OPEC sticks to 2021, 2022 oil demand forecasts despite COVID-19 challenges
OPEC on Thursday stuck to its prediction of a strong recovery in world oil demand in 2021 and further growth next year, despite concerns about the spread of the delta coronavirus variant that has ...
Energy 12 August ,2021
Oil price holds above $70 as rising US demand eases delta variant fears Oil price holds above $70 as rising US demand eases delta variant fears
Oil held above $70 a barrel on Wednesday as signs of rising fuel demand in the United States were balanced by concerns about travel curbs in Asia caused by the spread of the COVID-19 Delta variant. ...
Energy 11 August ,2021
Oil prices recover from three-week low amid surge in delta variant in Asia Oil prices recover from three-week low amid surge in delta variant in Asia
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of COVID cases in Asian ...
Energy 10 August ,2021