OPEC member Iran boasts of nuclear capacity
As the U.S. president mulls the fate of a deal that curbed Iran’s nuclear ambitions, the OPEC member’s president said Monday the program is accelerating. “Our nuclear industry is moving Continue Reading
Sinopec to cut Saudi crude imports for May in response to high…
China’s Sinopec, Asia’s largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher-than-expected prices, an official from Continue Reading
Saudi Companies To Splash Billions On Texas Petrochemical Investments
Saudi companies are prepared to invest billions in petrochemicals production in Texas, taking advantage of the abundance of cheap natural gas in the Permian and elsewhere in the shale patch, Continue Reading
Why Bahrain’s Huge Oil Discovery Might Not Provide The Windfall It Is Hoping For
On April 1, Bahrain’s Higher Committee for Natural Resources and Economic Security announced it had made a significant discovery of oil and gas in the offshore Khaleej Al Bahrain Basin, Continue Reading
Saudi Aramco eyes new petrochemical plant in Texas: sources
– Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company’s Continue Reading
Saudi Officials Worried About Oil’s Future
Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, Continue Reading
Tax Income Earned ISIS Much More Than Oil Smuggling
Contrary to what has been assumed so far, black market oil sales were not the only and not even the largest revenue stream for ISIS, an investigation of The New Continue Reading
Iranian oil projects have good break-evens, analysts say
A data analytics firm expects Iranian crude oil production will increase over the next few years, even as the country faces looming sanctions pressures. File Photo by tcly/Shutterstock April 6 Continue Reading
OMV next in line to tap U.A.E. offshore
Austrian energy company OMV spends $1.5 billion to take a minority stake in oil fields of the coast of the United Arab Emirates. File Photo by tcly/Shutterstock April 6 (UPI) Continue Reading
Saudi Aramco, Total to sign refinery expansion deal next week: sources
State oil giant Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar Continue Reading