Saudi Arabia‘s energy minister took a cautious view of any increase in oil production as members of the OPEC cartel met Thursday with allied non-member countries to decide production levels. Speaking ahead of the meeting, Abulaziz bin Salman […]
US energy secretary Jennifer Granholm spoke with Prince Abdulaziz ahead of today’s meeting and emphasised the importance of ensuring “affordable” energy for consumers. Brent crude prices have remained above $60/bl since early February. Rolling over […]
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new […]
Energy News Beat Publishers Note: It is a great time to review our energy policies and think about the precarious we now find ourselves. We are no longer an energy exporter, but reliant on political […]
Brent oil dropped in Asia as the dollar strengthened, giving up some of the gains posted at the end of the worst week since October. Futures in London slipped 1% on Monday as a rising […]
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development […]
World’s biggest oil company saw net income fall 44% last year CEO Nasser is ‘very optimistic’ on oil demand growing in 2021 Saudi Aramco’s $75 billion dividend survived one of the biggest disruptions to oil […]
Oil prices fell on Friday, extending losses for a sixth day as a new wave of COVID-19 infections wash across Europe, spurring new lockdowns and dampening hopes for a recovery in demand for fuels anytime soon. Prices plunged […]
Oil markets aren’t on the verge of a new price supercycle as plentiful supplies mean any concerns of a shortfall are misguided, the International Energy Agency said. Crude rallied to a 14-month high last week after Saudi Arabia and […]
Kingdom seeks to reduce domestic oil consumption Developing new methods for manufacture of hydrocarbon-based materials Plan to have 50% of power generation from renewables by 2030 Saudi Arabia plans to reduce domestic consumption of liquid […]
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