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The Saudi Arabian Oil Company (Aramco) and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China.
Saudi Arabia’s real gross domestic product grew by 8.8 per cent in the third quarter of 2022 compared to the same period last year driven by an increase in oil activities,
The Opec+ alliance plays an instrumental role in supporting market stability, Opec Secretary General Haitham Al Ghais said on the sixth anniversary of the group’s formation.
The representatives of the thirteen members of the Opec led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.
The Saudi Arabia PMI from Riyad Bank pointed to another robust improvement in business conditions across the non-oil economy in November, underscored by a sharp expansion
BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases
Abu Dhabi National Oil Company (Adnoc) on Thursday announced framework agreement awards valued at $1.94 billion (Dhs7.1 billion) to enable drilling growth.
Abu Dhabi National Oil Company (Adnoc) announced on Monday the successful completion of the bookbuild and public subscription process for the initial public offering (IPO)
Brent oil was down $1.38, or 2.1%, at $63.19 a barrel by 05:11 GMT while US crude fell 1.48 cents, or 2.4%, to $59.49 a barrel.
Brent crude was down 21 cents, or 0.3%, at $65.19 a barrel by 04:11 GMT while US oil was up 19 cents, or 0.3%, at $61.75 a barrel.
