News / International
Dollar Hits a Low as Oil Prices Maintain Upward Trend
The dollar touched its lowest level in 11 weeks and US and European equities remained under pressure as the recent sell-off in government bonds on both sides of the Atlantic showed few signs of abating.
Despite Thawed Relations, US Not Lured by Cuba’s Oil
Cuba unveiled new data Wednesday that it said confirmed there were billions of barrels of oil beneath its Gulf of Mexico waters but admitted there was little interest in new exploration, even with the thaw in U.S. relations.
Russia Invites India to Extract Oil, Gas from Arctic Shelf
Moscow plans to invite companies from India to jointly extract oil and gas from Russia's Arctic shelf deposits, Kremlin aide Yuri Ushakov said Wednesday.
GCC Rig Counts on the Rise Despite Oil Price Slump
As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack.
New Aquarion Subsidiary to Provide Industrial Wastewater Solutions
Aquarion Group, a leading provider of advanced technologies for the oil & gas industry sector and process industries, has established a wholly owned subsidiary located in Sharjah, UAE.
Adnoc Balancing Crude Prices for Asia and Local Supply
Abu Dhabi National Oil Company (Adnoc) raised the retroactive prices of crude sold to Asia in April, after robust demand pushed up spot premiums for its grades.
Nigeria Slashes 2015 Fuel Subsidy Due to Price Slide
Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices.
Saudi Electricity To Invest Elsewhere, Covering Loses by Becoming More ‘Agile’
Last month, the state-owned firm said that its net loss for the first quarter of the year more than doubled, to 1.94 billion riyals ($517 million).
