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 ...
Saudi Aramco's first external audit has revealed that the company has 270 billion barrels in oil reserves.
State-run Polish refinery PKN Orlen announced on April 27 that it plans to increase its monthly crude purchases from Saudi Aramco by 100,000 tons of Arabian Extra Light, bringing its total imports from Aramco to 3 ...
An extension to the oil production cuts will not be necessary if crude prices continue to rise, Iranian Oil Minister Bijan Zanganeh has said.
