An official reviews the situation at the port.
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,
As the coronavirus lockdown is being lifted gradually to allow resumption of economic activity, the pandemic has started spreading at an increasing rate. This was not unexpected.
The column about Afghanistan and the shredded social and economic fabric due to war paints a bleak picture. It paints hopelessness and gloom and makes one wonder about the trivialities that causes us to fret - which new car to buy, which school is best for the kid, etc. While here in Afghanistan our counterparts have to think of war and the Taliban, the tussle for the presidential chair and the ensuing power and security for life and family (“New truce could change Afghan blues,” May 23, Gulf Today).
The deadly coronavirus has been wreaking havoc globally, challenging lives and livelihoods, and the latest huge threat also comes in the form of the pandemic halting vaccination for nearly 80 million children.
The Covid-19 shared experience of Iran and Lebanon should serve as a warning to countries which have not prepared properly for a staged reopening of popular and public lockdown and the closure of business. Both countries suffered spikes in the number of cases once they began to ease restrictions.