Demand for oil will grow sharply in the next few years as the global economy recovers from the pandemic, OPEC said on Tuesday, adding that the world needs to keep investing in oil production to […]
Saudi Aramco is investing, alongside the country’s sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter’s largest solar project with a capacity of 1.5 GW as the world’s biggest energy company makes a […]
Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned oil giant said on Sunday. Aramco, which […]
Saudi Arabia raised its September official selling prices for crude oil by between $0.20 and $0.30 per barrel for Asian buyers to a four-month high. This time, however, their move could backfire, writes Bloomberg. The largest oil […]
Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as an outbreak of the delta virus variant in China damps demand, while the U.S. and Russia offer more competitively priced alternatives. […]
The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and […]
The unusually public dispute that tested the unity of the cartel was resolved in a classic compromise — with Riyadh meeting Abu Dhabi halfway in its demand for a more generous output limit. “Consensus building […]
The Middle East is moving ahead with solar projects, seeking to pass on soaring polysilicon costs, even as some plans have been delayed due to the pandemic, the region’s solar industry trade group said in […]
New Delhi: Alfanar, a Saudi Arabia-based manufacturer and trader of power equipment, on Thursday said it has acquired wind turbine manufacturer Senvion India from Senvion GmbH. With this 100 per cent acquisition, the Saudi firm has entered into India’s energy […]
OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether the breakdown of talks — which sent crude […]
Copyright © 2025 | Sandstone Group