The deal announced Friday comes with US crude prices up 40% this year and vaults Chevron into a new league.
Opec and its oil-producing allies shifted on Monday towards extending their daily output caps, sending oil prices racing higher before the outcome of the group’s official gathering.
Many Arabian oil exporters have begun to increase their offshore spending after nearly five years of massive cutbacks, according to a Seatrade Maritime report titled ‘Middle East Offshore Market on the Move.’
Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (Adnoc), the Korea National Oil Company (KNOC) and GS Energy, and one of Adnoc’s youngest operating companies, announced that it has begun producing crude oil
Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,
Leaders of the Group of Seven wealthy nations discuss global trade woes on the second day of their annual summit on Sunday, likely laying bare a yawning divide between US President Donald Trump and his Western allies.
More than 64 million people will switch to vaping devices instead of smoking traditional cigarettes over the next three years according to expert forecasts, and Dubai is to provide a global platform for an industry expected to be worth $53.4 billion by 2024.
India’s central government gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector.