Energy Mixes Shift But Fossils Remain King
The world’s most valuable company is not Apple, Google, or Amazon. It’s an oil company, and it’s about to go public. Saudi Aramco, the Saudi Arabian state energy goliath, is Continue Reading
Qatar Spat Worsens As Saudi-Led Arab States Vow New Measures
The four Arab states that are leading the boycott against Qatar vowed on Friday to take new measures against their tiny gas-rich neighbor after Doha rejected in full the list Continue Reading
De-escalate, Pentagon tells Persian Gulf rivals
The U.S. military said it was pressing Persian Gulf countries to resolve lingering issues with Qatar, an issue that presents risks to the energy sector. Saudi Arabia in June led Continue Reading
Saudi Aramco’s 2016 oil reserves slip, gas up: annual review
Saudi Aramco said on Thursday its recoverable crude oil and condensate reserves slipped to 260.8 billion barrels at the end of 2016 from 261.1 billion a year earlier. Its gas Continue Reading
Production, storage a focus for Saudi Aramco
In an annual review, the Saudi Arabian Oil Co. said new wells drilling at a field near Riyadh could add another 300,000 barrels of oil per day by 2018. The Continue Reading
Ships Exporting Iranian Oil Go Dark, Raising Sanctions Red Flags
Ships chartered by two oil traders responsible for a significant share of Iran’s fuel exports last year failed to transmit their location and the origin of their cargo—red flags for Continue Reading
Arab states rap ‘negative’ Qatari reply to demands but announce no new sanctions
Four Arab states refrained on Wednesday from slapping further sanctions on Qatar but voiced disappointment at its “negative” response to their demands and said their boycott of the tiny Gulf Continue Reading
Companies invited to oil sector, Iran says
Invitations have been sent out to verified companies to take part in the development of the inland Azadegan oil field, Iran’s oil minister said Wednesday. Iran shares borders with Iraq Continue Reading
Qatar crisis deepens after Arab states attack ‘negative’ Doha
The four Arab states that have imposed an extraordinary embargo on Qatar, on Wednesday lambasted Doha for its “negative” response to their demands in a sign that the month-long diplomatic Continue Reading
Qatar Blockade To Continue As Doha Shrugs Off Ultimatum
Foreign ministers from Egypt, Saudi Arabia, the United Arab Emirates and Bahrain released statements following a meeting in Cairo on Wednesday, after the latest deadline they had set to Qatar Continue Reading