Saudi Arabia’s April crude exports fell by 161,000 b/d as domestic refiners processed more crude, official data showed. Exports fell to 7.737 million b/d from 7.898 million in March when they hit their highest levels ...
Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said. The government body, the King Abdullah City for Atomic and Renewabl...
Leading industry experts discussed the potential of Saudi Arabia’s petrochemical sector at Achema, a leading global exhibition on chemical engineering, environmental protection and biotechnology, being held at F...
Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming e...
Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia. As Saudi Arabia lifts a ban on direct investments by foreigners, fund allocators are pre...
Eight western European companies are keen to invest in Iran‘s $2.8 billion (2 billion pound) Siraf oil refinery project, an Iranian official said on Monday, as the country ramps up capacity to reduce is dependen...
To hear the oil ministers of Saudi Arabia and Kuwait talk about it this week, the race to develop massive solar power arrays in the world’s sunniest nations is nearly as important as the current battle for oil m...
The new crude oil pipelines between Bahrain and Saudi Arabia will be ready by the end of 2017 with up to 400,000 b/d delivered to Bapco, said a report. Energy Minister Dr Abdulhussain Mirza told parliament, in writing...
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus, former director of the Central Intelligence Agency. The Midd...
Oman will take full control of an oil-trading venture it owns with Vitol Group, the world’s largest independent energy trader, in the latest sign of the rise of state-owned commodities traders. The Oman Trading Intern...