News / International
Saudi OPEC Governor Precludes Return to High Price Era
Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Oil Prices Driving US Shale Bankruptcies and Junk Bond Growth
The rise in junk bonds and bankruptcies are the latest sign of stress in the petroleum sector
Brent Price Falls on Expectations of Higher Supplies from OPEC, US
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.
Bahrain’s GPIC Keeps Profits Up, Carbon Emissions Down
Bahrain-based Gulf Petrochemical Industries Company (GPIC) yesterday (March 21) reported a net profit of $190.2 million for last year.
Iran: Nano-Tech Applications Advance Iranian Oil and Gas Safety
Iranian researchers from Semiconductor Devices Group of Shiraz University designed a sensor to detect hydrogen sulfide in oil drilling, oil refineries, coal mines and wells containing organic materials.
Petroleum Media Specialists at Upcoming GCC Forum
Bapco has announced it will take part in the second GCC Petroleum Media Forum in Riyadh next week.
Energy Saving Technologies at Upcoming Saudi Expo
Leading players in the electricity, power generation, alternative energy, water technology, and lighting sectors will be showcasing their products and solutions at the upcoming Saudi Power 2015 expo in Riyadh.
US Businessmen, Politicians Up in Arms Over First Ever Fracking Rules
U.S. drillers already reeling from a six-month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit.
