Saudi energy minister Prince Abdulaziz bin Salman has read the International Energy Agency’s recent blockbuster report outlining a roadmap for the world to achieve net-zero carbon emissions by 2050 and is not impressed. His review: […]
For oil traders, the biggest question in the market is how fast OPEC and its allies will revive production later this year. Next week they may get some clues. When it meets on Tuesday, delegates […]
After over a year of pandemic-driven volatility and weak oil demand, Saudi Arabia is now experiencing an oil export boom. Saudi Arabia’s oil exports increased in March by 75 percent year-on-year, at a value of […]
MOSCOW, – Russian Deputy Prime Minister Alexander Novak on Tuesday offered to work with Saudi Arabia on hydrogen production, speaking during an online meeting of the intergovernmental commission of Russia and Saudi Arabia. “We have a proposal to create a working […]
Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward. Oil prices rebounded on Friday after a midweek selloff. […]
LONDON: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group’s plan to […]
Energy News Beat Publishers Note (ENB): This is good news for any peace talks. What does this mean for oil? Well, it is again validation that Iran’s plans to become a Middle Eastern power are […]
Dubai: Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut […]
New Delhi: Middle East crude oil has been a mainstay of the Indian refining sector for many decades. India imports about 85 per cent of its annual crude oil requirements. The country imported about 4.1 million barrel per day […]
Saudi Arabia’s oil facilities were targeted with drones and missiles for the second time in a week, with Yemen’s Houthi rebels claiming an attack on the south-western refinery town of Jazan. The Houthis launched missiles […]
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