Despite record oil exports in April as Saudi Arabia flooded the market with excess oil, the value of the Kingdom’s crude exports plunged by US$12 billion from April 2019 levels as the lowest oil prices in years hit revenues ...
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Oil output in Egypt dropped in March and April to the lowest level since July 2009 amid the repercussions of the coronavirus (COVID-19) pandemic, according to data compiled by Mubasher ...
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Saudi Arabia today lifted a nationwide curfew and ended all Covid-19 related restrictions on economic and commercial activities that had been in place since late-March. But the ban on international flights and religious pilgrimages will continue ...
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Russia ceded second place in oil production to Saudi Arabia in April, becoming third for the first time since November 2018, while the United States remained the leader, according to new data from the Joint Organisations Data Initiative (JODI) ...
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The Gas Exporting Countries Forum (GECF) and the Latin American Energy Organisation (OLADE) recently held a virtual workshop as part of both the group’s growing relationship ...
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Saudi Arabia has put its second largest city Jeddah under a new strict 14-day lockdown in response to a sharp increase in new Covid-19 infections in the city in recent days ...
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Keeping prices in the range of $30 to $50 per barrel will allow producers to regain market share lost this year, but adjustments still need to be made monthly ...
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Oil output in Egypt dropped by about 19,500 barrels per day (bpd) or 3% year-on-year (YoY) to around 612,340 bpd in February - its lowest level since October 2019 ...
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Algeria's state-owned Sonatrach is offering a spot LNG cargo for delivery in May and plans to offer more cargoes for delivery later this summer as exports of pipeline gas and LNG remain slow ...
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Saudi Arabia's crude oil exports in February slipped to 7.278 million barrels per day from 7.294 million bpd in January, official data showed on Monday ...
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Saudi Arabia has put the capital Riyadh and several other cities and provinces under a round-the-clock curfew in an effort to slow the spread of the Covid-19 pandemic ...
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The global oil industry is on its knees. Without action from producers to reduce supply, the situation will get much worse as the world runs out of places to store crude pumped out of the ground that nobody wants ...
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The impact of Saudi Arabia’s decision to increase oil production amidst the demand-killing coronavirus pandemic may not be over yet ...
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Tanker rates are as much as 161% below record-breaking levels set a week ago as the dramatic, coronavirus-led collapse in crude demand overshadows the oil price war ...
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efined product stocks at the Middle Eastern hub of Fujairah slipped 9.1 percent in the week to Monday, leaving inventories at a two-month low of 21.18 million barrels as middle distillate inventories slumped to a six-month low ...
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Saudi Arabia’s crude oil exports in January fell to 7.29 million barrels per day (bpd) from 7.37 million bpd in December, official data showed on Wednesday ...
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Saudi Arabia, the world's largest crude exporter, further dipped into crude stockpiles in January as exports declined for the first time in four months, data released Wednesday by the Joint Organisations Data Initiative showed. ...
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OilX, a London-based startup providing data analytics and market intelligence for the oil industry, has raised $2.2 million from Citi and South Korea’s GS Caltex. ...
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The kingdom has been tapping its crude inventories following attacks on oil facilities in September 2019 ...
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Aramco Trading Co (ATC) has sealed a new deal to secure long-term crude oil supplies from state-run Kuwait Petroleum Corp (KPC) that can be processed at refineries owned by Saudi Aramco 2222.SE in Asia, trade sources said. ...
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Saudi Arabia’s crude stockpiles fell by 11.8 million barrels in December, despite steady shipments by the world’s biggest oil exporter, official data showed ...
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Daily digest of the latest natural gas news and LNG news by Natural Gas World ...
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Saudi Arabia’s oil exports decreased by 10.75% last year, as shown by the Joint Organisations Data Initiative (JODI) figures. ...
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Saudi Arabia's crude oil exports in December 2019 were unchanged at 7.37 million barrels per day (BPD) month-on-month, official data showed on Monday. ...
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Saudi Arabia’s oil exports dropped by 10.75 percent year on year in 2019, according to data from the Joint Organisations Data Initiative (JODI) ...
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