Capex declines to $7.6 bil from $8.2 bil in Q1 2021 Aramco to continue spending increase by middle of decade Aramco is expanding oil production capacity to 13 mil b/d by 2027 Saudi Aramco, the […]
Iraq is to receive 50mn m³/d of gas from Iran during the four summer months, a supply it will remain reliant on for 5-10 years depending on finding alternatives, Iraq’s minister of electricity Adel Karim […]
New Delhi: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a “positive assessment” to their cooperation on the OPEC+ producers group to stabilise the world oil market, the Kremlin said in […]
An attack by Yemen’s Houthi rebels on Saudi Arabia’s oil facilities on Friday gave another boost to oil prices as markets tried to digest a new round of sanctions against Russian oil. The oil market […]
Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it reported a doubling in 2021 […]
The campaign against oil and gas investments is shortsighted, said Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman as he inaugrates International Petroleum Technology Conference 2022 in Riyadh. “The net zero does not mean cherrypicking, […]
Aramco’s move follows Brent oil jumping above $93 a barrel Prices climbing with demand strong and supply disruptions Saudi Arabia raised oil prices for customers in Asia, the U.S., and Europe after crude’s surge to […]
RIYADH: Two Saudi universities have signed an agreement to combine their capabilities and resources to help realize the Kingdom’s ambitions in the fields of atomic and renewable energy. The deal, between King Abdulaziz City for Science […]
ENB Publishers Note: We covered this story last year when Saudi Arabia produced their budgets for the next several years. It is clear they are not wanting to lower prices. In fact, if you look […]
Skip to sub-navigation January 4, 2022 Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a […]
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