Oil Falls 2% Ahead of OPEC Meeting
Oil prices fell on June 21 as producers prepared to discuss the lifting of production cuts at the biannual OPEC meeting on June 22 in Vienna.
Saudi Arabia | Egypt Oil & Gas - Part 40
Iran Rules Out Agreement at OPEC Meeting
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 ...
Rig Builder Lamprell Agrees Saudi Joint Venture
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, Russia Propose 1.5 M b/d Output Increase: Ecuador Oil Minister
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.
Iraq Opposes Calls for OPEC Production Boost
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 Oil Output Hits 10 Million b/d
Saudi Arabia has boosted oil output to over 10 million barrels per day (b/d), the highest level since October 2017.
Saudi – Bahrain Pipeline Project Slated for Completion in 2018
Oil pipelines between Saudi Arabia and Bahrain are expected to be completed during 2018, according to Bahrain's Oil Minister Mohammed Al-Khalifa.
Saudi-Iranian Tension Expected in OPEC’s June Meeting
Iran has stated that it doesn't support Saudi Arabia’s desire to increase global oil supplies.
Saudi Crude Exports Fall in March
Saudi crude exports fell to 7.122 million barrels per day (mb/d) in March 2018 from 7.251 mb/d in February.
SABIC Looks to Buy 50% Stake in Indian Petchem Plant
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).
