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Thursday, August 13, 2020 11:56 GMT
OPEC member Iraq is talking to international companies to invest in projects to tap its large associated gas deposits within plans to boost revenue, the official Alsabah newspaper reported on Wednesday. Oil Minister Ihsan Abdul Jabbar, who was approved by parliament in June, has formed a committee...More
Saudi Aramco plans to cut its capital spending to a range of US$20 billion to US$25 billion this year to pay a US$75...More
The global oil demand is forecast to decline by 9.1 mbpd in 2020. This is 0.1 mbpd lower than last month’s forecast,...More
Qatar, which retained its position as the world’s top liquefied natural gas (LNG) exporter in 2019, also emerged as the...More
Kuwait has cut the official selling prices (OSPs) for crude grades sold to Asian refiners in September, a pricing...More
Occidental Petroleum Corp.’s Algerian oil and gas assets are a core holding and will no longer be listed for sale, Chief Executive Officer Vicki Hollub said on a conference call with analysts. In... More
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Bahrain Bourse (BHB) has announced the listing of new Government Development Bonds issued by the Central Bank of Bahrain on behalf of the government. The bond will be traded under the symbol... More
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Egypt’s Ministry of Petroleum and Mineral Resources announced EGP 5.4 million (US$338.520) worth of financing to purchase medical supplies and equipment required for the fight against coronavirus,... More
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The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the US, a US military official said Thursday.... More
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The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At its meeting, the Cabinet discussed the urgent needs in Dhi Qar province, and... More
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Kuwait has cut the official selling prices (OSPs) for crude grades sold to Asian refiners in September, a pricing document showed on Thursday. The producer set the September Kuwait Export Crude (KEC)... More
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The National Oil Corporation (NOC) of Libya announced that it welcomes the decision of the United States to impose financial sanctions on a network of smugglers that has contributed significantly to... More
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Malt drinks, non-alcoholic beers, ready-to-drink coffees and teas, and beverages containing artificial sweeteners are among a wide array of products that are liable to 50% Excise Tax when the new... More
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Qatar, which retained its position as the world’s top liquefied natural gas (LNG) exporter in 2019, also emerged as the single largest LNG exporter to the UK during the year. UK is the world’s 8th... More
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Babcock Borsig Service Arabia has signed its first digitalization contract with Saudi Tabreed Operations and Maintenance Company for analysis and optimization of the operation of chiller modules with... More
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Blue Ocean Global Group, a Dubai-based diversified business conglomerate that represents some of the world’s best-performing telecom, electronics and small domestic appliances as master distributors,... More
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Houses in Yemen’s UNESCO-listed Old City of Sanaa are collapsing under heavy rains, as months of floods and storms assail a country already reeling from war, food shortages and disease. Workers... More
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Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after US government data showed a fall in inventories, supporting the view that fuel demand is... More
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