Abu Dhabi could invest up to US$1.5 billion in the initial public offering of Saudi Aramco, Bloomberg reported on Tuesday, citing people familiar with the matter. Saudi Arabia now relies Continue Reading
Gasoline consumption in Iran dropped to 79 million liters per day in the week following the 50-percent fuel price hike, from an average 98 million liters per day in the Continue Reading
Tehran — Iranian oil minister Bijan Zanganeh is on thin ice, facing potential impeachment over controversial gasoline price hikes just before he is to attend an OPEC meeting in Vienna. Continue Reading
Iran’s top leader on Wednesday denounced an outbreak of deadly unrest as a “very dangerous conspiracy” as authorities reported about 731 banks and 140 government sites had been torched in Continue Reading
The sovereign wealth funds of Abu Dhabi and Kuwait plan to invest in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi and Gulf investors Continue Reading
Throughout India, the number of days with very heavy rains has increased over the last century. At the same time, the dry spells between storms have gotten longer. Showers that Continue Reading
The communications system of Mexico’s oil giant Pemex is still suffering the lingering effects of a cyberattack that occurred earlier this month, sources from the company told Bloomberg. A ransomware Continue Reading
This year, ExxonMobil announced its 11th and 12th oil finds in the small South American country of Guyana. The estimates of recoverable crude in the country now stand at roughly 5 Continue Reading
Profits at China’s industrial firms shrank at their fastest pace in eight months in October, tracking sustained drops in producer prices and exports and underscoring slowing momentum in the world’s Continue Reading
U.S. law enforcement agencies have prepared plans to respond to any new protests against the controversial Keystone XL pipeline “by any means,” The Guardian reports , citing internal documents. Among Continue Reading
