The Ministry of Planning and Economic Development (MPED) has published a report of the H1 2019/20 outcomes of the Ministries of Electricity and Petroleum and Mineral Resources, indicating that the energy sector ha ...
Crude oil prices plunged under $25 a barrel for the first time since 2003 in London and dropped 2 in New York after the announcement of Saudi Arabia to keep record high production over the coming months.
Official data issued by the Joint Organizations Data Initiative (JODI) on 18 February, showed that Saudi Arabia’s crude exports stood at 7.373 million barrels per day (bbl/d) in December since the previous month.
Tarek El Molla, Minister of Petroleum and Mineral Resources, reviewed the production rates of crude oil in the fiscal year (FY) 2019/20 and plans for the production increase.
The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for crude oil despite the increase in global demand after a US-China trade deal.
The Abu Dhabi National Oil Company (ADNOC) renewed and expanded an agreement with Japan to store and trade crude in Asia’s second-biggest economy.
Kuwait’s Minister of Oil, announced that production from the Neutral Zone is expected to reach 250,000 barrels per day (bpd).
Saudi Arabia’s crude oil exports have significantly increased by around 388,000 barrels per day (b/d) to reach 7.057 million barrels per day (mmbbl/d) in October, up from 6.669 mmbbl/d in September.
Saudi Arabia's total crude oil output dropped by 0.660 million barrels per day (b/d) in September to 9.129 million b/d.
The General Petroleum Company (GPC) announced that it has discovered a new oil payzone in Abu Rawash D and drilled NES-16 well, pointing out that this step is considered a new step of its kind in the region.
