Iran says it sealed Boeing plane deal at half price
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing ( BA.N ) airliners in an order that the American planemaker Continue Reading
Israel Battles Fire at Oil Refinery in Haifa, Roads Blocked
Firefighters are battling a blaze that erupted in a fuel tank at the Oil Refineries Ltd. facility in the northern city of Haifa, police said. No injuries were reported. The Continue Reading
Saudi Arabia Planning to Sell 49% of Aramco, Eqtisadiah Says
Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company, al-Eqtisadiah reported. A 49 percent stake will be sold within 10 years, Continue Reading
Saudi Arabia’s Energy Minister Sees Oil Recovering on OPEC Cuts
Oil prices are set to recover next year as OPEC fulfills its agreement to cut output, halting the slump that battered the global oil industry, Saudi Arabia’s energy minister said. Continue Reading
Saudi Arabia See Oil Revenue Rising 46% in 2017 as Prices Climb
Saudi Arabia expects oil revenue to jump by 46 percent next year after a deal between the kingdom and other producers to curb output drove up global prices. The world’s Continue Reading
Saudi Arabia Budget Restraint Shows It’s Serious About Overhaul
Saudi Arabia has presented the most detailed budget in its history, determined to show it is succeeding in bringing down the deficit and weaning itself off oil. Following months of Continue Reading
Iraq Says Kurds, Foreign Companies Agree to Cut Oil Output
Iraq said most international oil companies working in the country, along with the nation’s semi-autonomous Kurds, have agreed to cut crude output to fulfill an OPEC accord. Iraq is fully Continue Reading
Oil, non-oil revenue rise for Saudi Arabia
Saudi Arabia said it was making progress on economic reforms aimed at correcting a deficit, with both oil and non-oil revenue increasing in 2017. In a document outlining its budget Continue Reading
Airbus Finalizes $18 Billion Jet Deal With Iran
European plane maker Airbus Group SE on Thursday said it had finalized a controversial deal to sell more than $18 billion worth of jetliners to Iran less than two weeks Continue Reading
Saudi Use Of Solar Could Boost Its Oil Exports
Saudi Arabia will turn to solar for electricity, which could allow it to export a lot more oil. The connection between solar and oil is not an obvious one since Continue Reading