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,
Demonstrations descending into violence again on Sunday despite curfews in big cities across the US and the deployment of thousands of National Guard soldiers reveal the simmering anger sparked by the death of George Floyd,
My cousin who had gone on annual vacation to India gave a sigh of relief when I informed her of the UAE decision to allow expats to return (“UAE residents with valid visas can return from today,” May 30, Gulf Today).
Three years after the Doklam stand-off, Indian and Chinese soldiers are facing each other again, this time at points along the 3,450-kilometre long line of actual control between the two countries.
As a result of the COVID-19 pandemic impact on the world, people have become heavily reliant on the internet and its digital economy. This is a clear indication of the increase in the security risks to millions of people,