Oil tanks at a plant in Haradh, Dhahran, Saudi Arabia. AFP
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,
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant. State-owned Aramco›s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi company›s eventual initial public offering.
Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia›s Energy Minister Khalid Al Falih said on Monday. The kingdom reaffirms its longstanding policy, which seeks to stabilise the markets at all times,” he said in a statement carried by the official Saudi Press Agency.
The UAE-China bilateral relations have progressed robustly since the establishment of diplomatic ties in 1984 and the state visit of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to China is sure to push the relationship
Britain’s outrage over the seizure by Iranian naval commandos of an oil tanker in the Strait of Hormuz is misplaced. Britain launched the tanker-snatching competition on July 4th when Royal Marines boarded and took charge of a supertanker, Grace 1, loaded with Iranian oil as it sailed past the British-overseas
Priti Patel is being considered for a shock cabinet return as home secretary, The Independent has learned, as Boris Johnson seeks to convince the public he is not a “British Donald Trump”. The controversial Brexiteer — sacked for misleading Theresa May over secret meetings with Israeli politicians — is poised
Britain is a leading member — of Nato. It is something Tory MPs never forget and avidly support. Nato is a multi-national organisation where each country gives up part of its sovereignty to provide security for all. It was created in 1949 with a single purpose — to prevent Russia, then in the form of the Soviet