Since the appalling attack on Israel by Hamas terrorists on 7 October, oil prices have been volatile. Historically, conflicts in the Middle East have had a major impact on oil prices, from the price shocks […]
Arab leaders have urged for a ceasefire to halt fighting between Israel and Hamas Saudi Arabia has voiced grave concerns to US officials over Israel’s impending ground assault on Gaza, saying the incursion could be […]
In recent years, inconsistent investment policies within the oil sector led to instability in the energy markets. The OPEC+ group firmly believe in a dual approach of ramping up investments in the oil and gas […]
World Oil (Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in […]
Oil is here to stay as US majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in Riyadh. “It’s working,” Energy […]
By Charles Kennedy of OilPrice.com Saudi Arabia’s crude exports plunged to a 28-month low in August as the world’s largest crude oil exporter continued to cut its production to “stabilize” the market, data from the […]
Saudi Arabia’s talks with the US about normalizing its ties with Israel have been thrown into the deep freeze by the outbreak of violent conflict between Israel and the Gaza-based Palestinian militant group Hamas, which is backed […]
The U.S. Energy Information Administration (EIA) has revealed its latest Brent spot average price forecasts for 2023 and 2024 in its October short term energy outlook (STEO), which was released this week. According to the […]
Saudi Arabia is putting United States-backed plans to normalise ties with Israel on ice, two sources familiar with Riyadh’s thinking told Reuters news agency, signalling a rapid rethink of its foreign policy priorities as war escalates between […]
Nigeria upped its production by 110,000 bpd, while Iran’s output reached its highest since 2018, exempt from OPEC+ cuts because of U.S. sanctions. Saudi Arabia maintained its commitment to pumping approximately 9 million bpd in […]
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