Opec and its allies agreed on Thursday to keep current production cuts until further review in December, with the Kingdom of Saudi Arabia pledging to further strengthen its voluntary production adjustment to 9.890 million bpd in October.
The manufacturing sector’s contribution to the UAE’s non-oil GDP grew 2.5 per cent to Dhs122 billion in real prices in 2018 from Dhs119.7 billion in 2017,
According to Arab News website, one strike hit the oil company’s Abqaiq facility, which is near Dammam in Saudi Arabia’s Eastern Province, while another attack hit Khurais oil field.
Lebanon dismissed Turkish claims on Friday that it would receive the Adrian Darya, an Iranian tanker which has been bouncing around the Mediterranean amid US warnings over its valuable oil cargo.
LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests
Saudi Arabia’s new Energy Minister, Prince Abdulaziz Bin Salman, said on Monday that oil production cuts would benefit all exporting nations. The minister signalled no major change in approach in Saudi Arabia.
Enoc Group has introduced a new fleet of trucks compliant with the latest international EHS standards. The group’s move is in line with its commitment towards incorporating best EHS practices for all its stakeholders.
The United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei congratulated the new Saudi Arabian Rnergy Minister, Prince Abdulaziz Bin Salman, in a tweet.
The sabotage operation that targeted commercial and civilian vessels near the UAE territorial waters in the Gulf of Oman, off the coast of Fujairah, is a dastardly act and those behind such reprehensible action should be forced to pay a price. It’s fortunate that there were no injuries or fatalities
The drone attacks on two pump stations on Saudi Aramco’s East-West pipeline, which transports Saudi oil from the Eastern Province to the port of Yanbu, are cowardly, dangerous and deliberate acts of terrorism that deserve a strong international response. As Saudi Energy Minister Khalid Al Falih pointed out,