Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not just oil, Energy Minister Prince Abdulaziz Bin Salman told an industry...... continue reading
Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating...... continue reading
The Saudi Ministry of Energy and NEOM company signed on Sunday a Memorandum of Understanding (MoU) on enhancing cooperation in the energy fields, the Saudi state news agency reported....... continue reading
Oil consumption typically eases during February and March, with refiners using the period to shut some facilities for periodic maintenance. At the same time, strong global supply, including from the...... continue reading
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply...... continue reading
Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will increase after state energy group...... continue reading
The U.S. is seeking to buy up to 3 million barrels of U.S.-produced sour crude oil for delivery in April to help replenish the Strategic Petroleum Reserve (SPR), the Department...... continue reading
The Saudi Power Procurement Co. has invited bids for four independent power plant projects with a combined capacity of 7,200 megawatts. The company has specified that two of the projects, namely...... continue reading
The global oil producer has raised prices for local consumers three times since 2016. However, the recent jump of 53 percent is unprecedented. According to EFG Hermes Research, diesel prices...... continue reading
At the heart of this expansion initiative is the Safaniyah oilfield, recognized as the world's largest offshore oilfield. With multiple tenders both offshore and onshore currently in the bidding stage,...... continue reading