Saudi Aramco informed Egypt’s state-held Egyptian General Petroleum Corporation (EGPC) that it would suspend the delivery of refined oil products to Egypt, Reuters reported on Monday, quoting a government official. Continue Reading
Iraq Oil Minister Luaibi Oil minister Jabar al-Luaibi has called upon oil and natural gas companies operating in Iraq to increase their production for the rest of 2016 and 2017, Continue Reading
Saudi Arabia is quietly amassing quite a portfolio of American energy assets. State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under Continue Reading
Capital spending to reach 75.8 billion riyals vs 263.7 billion Saudi budget deficit to drop to 13.5% of GDP vs 15% in 2015 Saudi Arabia’s austerity measures will slash capital Continue Reading
Construction on what will be the world’s tallest building by 2020 has officially started in Dubai, home to Burj Khalifa, currently world’s tallest man-made structure. The new tower sets another Continue Reading
Saudi crude reserves not reviewed by independent consultants Country planning to sell bonds, stake in state producer Aramco Saudi Arabia, the biggest oil exporter, sees its crude reserves of 266.5 Continue Reading
Security forces repel attack, but new wellhead fires are emitting noxious smoke and choking civilians who had just begun to resettle. A NASA image from Oct. 4 that shows wellheads Continue Reading
Yemen’s Houthi movement launched a ballistic missile deep into Saudi Arabia and may have also fired on a U.S. warship, two days after an apparent Saudi-led air strike killed 140 Continue Reading
Nigerian banks all face a varying degree of uncertainty moving forward through the era of lower crude oil prices. Photo by vanhurck/Shutterstock The ability of Nigerian banks to face economic Continue Reading
Argentina’s government is making the push towards more renewables at an extremely fast rate. The country recently held an auction for long-term contracts totaling a potential 1,109 megawatts of power Continue Reading
