Saudi Arabia | Egypt Oil & Gas - Part 59
Oil Prices Rose Nearly 3% over Freeze Buzz
Oil prices rose nearly 3% in first half of August over reports of renewed talks by some members of the Organization of Petroleum Exporting Countries (OPEC) to restrain crude output.
Saudi Maintains Near-Record Crude Output
Saudi Arabia keeps pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that both its drilling and IPO ...
US Oil Producer Pioneer Posts $268m Net Loss in Q2
US oil producer Pioneer Natural Resources Co. posted a second-quarter net loss of $268m, wider than $218m a year ago.
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
OPEC Oil Output to Reach Record High in July
The Organization of the Petroleum Exporting Countries' (OPEC) oil output is likely to reach its record in July. Supply from OPEC has risen to 33.41mb/d in July.
Saudi SABIC Records Cost Slump, Low Sales
Acting Chief Executive of Saudi Basic Industries Corp (SABIC) announced that the giant company has recorded an 18% slash in its Q2 costs of 2016, down from the first three months of the year.
Siemens Delivers First Saudi-Made Gas Turbines
Technology major Siemens has delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan, Saudi Arabia.
Egypt Ratifies Egyptian-Saudi Nuclear Energy Agreement
The House of Representatives Legislative Committee has ratified a number of agreements in different fields, among these agreements, was the the Egyptian-Saudi nuclear energy agreement that was inked in Early-April 2016. 
