The Iranian oil minister has stated that a deal on oil output at the June 22 OPEC meeting in Vienna is unlikely, setting the stage for a clash with Russia and Saudi Arabia, who are pushing to curb the current prod ...
UAE-based rig builder Laprell has set up a joint venture in Saudi Arabia to increase its business in the kingdom after a Saudi company acquired a 10% stake in the company.
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
Iraqi oil minister Jabar al-Luaibi released a statement on June 11 in which he warned producers against being pressured to boost output levels, adding that unilateral decisions could collapse the OPEC and non-OPEC ...
Saudi Arabia has boosted oil output to over 10 million barrels per day (b/d), the highest level since October 2017.
Oil pipelines between Saudi Arabia and Bahrain are expected to be completed during 2018, according to Bahrain's Oil Minister Mohammed Al-Khalifa.
Iran has stated that it doesn't support Saudi Arabia’s desire to increase global oil supplies.
Saudi crude exports fell to 7.122 million barrels per day (mb/d) in March 2018 from 7.251 mb/d in February.
Saudi Basic Industries Corp (SABIC) is looking to purchase around 50% of the $4.6 billion Indian petchem project backed by Oil and Natural Gas Corp (ONGC).
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
