Russia has been sending huge volumes of cheap crude to Asia in recent months, but Saudi Arabia is now eating into this new market share by reducing its oil prices. A combination of India importing […]
Saudi Arabia’s energy minister has said that all options are on the table for Opec-plus, as it seeks to calm a “yo-yo” oil market that he views as a threat to energy security and the […]
India, the world’s most populous country, sourced 52.7% of its oil imports from the Middle East. India’s volume of oil consumption increased – doubling since 2012. The world’s most populous democracy is searching for ways to satiate […]
Many people know me as a “Perma Bull” on the commodities prices of oil and gas. There is a real reason for my opinions, and that involves data. It is tough working in the oil […]
Energy Intelligence balances show the world should have enough crude oil through 2023 if some spare capacity is tapped, with a wider margin of error if an Iran nuclear deal can be clinched. Tepid demand from still-high prices for […]
DUBAI, United Arab Emirates — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The […]
(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. The cartel will add only 100,000 barrels a day of […]
DUBAI, July 29 (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman met Russian Deputy Prime Minister Alexander Novak on Friday in Riyadh, the Saudi energy ministry said on Twitter. The two discussed the […]
Biden went to Saudi Arabia to beg for oil, came away empty-handed, and ironically slammed the United States energy markets the very next day. Tuesday morning Amos Hochstien said in an interview on CNN the […]
Saudi Arabia is set to double the capacity amount in renewables tenders this year and in 2023, setting the stage for faster growth in mostly solar and wind projects in the Middle East after lagging […]
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