The alliance between Saudi Arabia and Russia was the only thing that kept the world oil market from tumbling into the abyss. Now its collapse threatens to plunge the industry into a generation-defining Continue Reading
Global carbon dioxide (CO2) emissions from the power sector fell by 2% last year, the biggest fall since at least 1990, owing to reduced coal usage in Europe and the Continue Reading
Drilling of Lebanon’s first offshore well started on February 27. All eyes are pinned on Byblos 1, waiting to find out whether it is a dry or a commercial well. Continue Reading
Saudi Arabia’s oil and gas giant, Aramco, has been given the go-ahead to launch the Jafurah shale gas field project, which will be the biggest shale gas development outside the Continue Reading
Shares of Saudi state oil company Aramco 2222.SE slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after OPEC’s Continue Reading
Shares in Saudi Aramco ( 2222.SE ) plunged 10% in opening trade on Monday, following a sharp drop in oil prices after Saudi Arabia slashed its official selling prices for Continue Reading
Saudi authorities began releasing officials and royal family members questioned in a security clampdown, as the government sought to end speculation about the health of King Salman by publishing photographs Continue Reading
Oil prices crashed by as much as 30 percent after Saudi Arabia fired the first shots in a price war, in crude’s biggest one-day fall since the early 1990s Gulf Continue Reading
At least 38 workers from Venezuela’s state oil company Petroleos de Venezuela’s, including the president of maritime subsidiary PDV Marina, were detained on accusations of trafficking fuel, Venezuelan Interior Minister Continue Reading
Mainland China, outside Hubei province, reported no new locally transmitted cases for the second straight day, as a senior Communist Party official warned against reducing vigilance against the disease and Continue Reading
