OPEC raised forecasts for global oil demand through to the middle of the century, even as the world shifts away from fossil fuels to avert catastrophic climate change. Oil consumption will climb 16% over the […]
Overview This Fact Sheet analyzes the upstream oil industry’s record on flaring in Canada relative to other top oil-producing countries. Gas flaring is the burning off of the natural gas that is generated in the […]
Saudi Arabia and Russia have both confirmed that they will be keeping their supply cuts in November despite the recent oil price rally. The announcements came just hours before the Joint Ministerial Monitoring Committee and […]
The recent oil price rally has been driven, in large part, by Saudi Arabia’s and Russia’s efforts to cut supply to the global crude market. Both China and the West are negatively impacted by high […]
The world’s biggest oil producer is finally moving to grab a piece of the booming natural gas market, the latest proof that the industry expects the fuel to play a significant part in the energy […]
In a statement to the 67th International Atomic Energy Agency General Conference, Minister of Energy Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud reiterated the Kingdom of Saudi Arabia’s intention to develop “peaceful uses for nuclear energy […]
Saudi Arabia and Russia have raked in billions of dollars in extra oil revenues in recent months, despite pumping fewer barrels, after their production cuts sent crude prices soaring. The cutbacks were a risky strategy, […]
Iran has around $50 billion in oil and gas projects in the works. Following the resumption of relations between Iran and Saudi Arabia, the latter is looking to invest in Iran’s hydrocarbon industries. Saudi Arabia […]
The Israeli tourism minister has travelled to Saudi Arabia for a United Nations conference, his office said, describing the visit as the first public trip to the country by an Israeli cabinet member. Haim Katz’s […]
Tehran, Iran – The rapprochement between Iran and Saudi Arabia has led to profound changes beyond the borders of both regional powers. Tehran has normalised relations with several other countries, and efforts are under way […]
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