Saudi Arabia’s crude output fell just 660,000 b/d to an average 9.13 million b/d last month, according to official figures reported to OPEC, as the world’s largest crude exporter saw Continue Reading
An Iranian-owned oil tanker was hit by two missiles in the Red Sea off Saudi Arabia’s coast on Friday, Iranian media and officials reported, stoking tension in a region that Continue Reading
The alleged missile strike couldn’t be independently verified. It wasn’t immediately clear if the holes in the ship’s hull were caused by missile strikes or mines, given the extent of Continue Reading
The crown prince has indicated he wants the IPO to value Saudi Arabian Oil, or Aramco, at $2 trillion. But that target has already met some resistance from company executives Continue Reading
The board of directors of Saudi Aramco could give the final approval to what would be the world’s largest initial public offering (IPO) ever as soon as next week, Bloomberg Continue Reading
Turkey said its forces seized designated targets on the second day of an offensive against a Kurdish militia in Syria, after a withdrawal by U.S. forces opened up a dangerous Continue Reading
Kurdish fighters who defeated Islamic State across much of Syria with U.S. help will struggle to fend off the Turkish army and its Syrian rebel allies who thrust across the Continue Reading
Iran’s state oil company has struck natural gas at a new deposit, according to a report in PressTV, quoting another report from news agency Fars . According to PressTV, NIOC’s Continue Reading
Aramco will have its oil production capacity fully restored happen by the end of next month, chief executive and chairman Amin Nasser said at an industry event in London as quoted Continue Reading
Aramco will issue the prospectus for its initial public offering before this month’s end, the Wall Street Journal reported , citing people familiar with the preparations for the biggest IPO Continue Reading
