Tag: Saudi Arabia
Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories. International Brent crude oil futures LCOc1 were at $60.90 ...
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered ...
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week. The decision meant Doha could focus on cementing its position as the world’s top ...
Saudi Arabia and Nigeria government have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while ...
Oil prices rose by about one per cent on Monday after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark Brent crude oil futures were at 71.11 dollars per barrel at ...
Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran’s crude exports that start next month. Benchmark Brent crude oil ...
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi Energy Minister said on Monday amid a worsening crisis over the killing of ...
Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. U.S. crude inventories rose 6.5 million ...
Google said in a statement that Google Cloud Chief Executive Diane Greene would not attend the Future Investment Initiative Summit scheduled to be held in Riyadh starting Oct. 23. Google’s Greene did not offer ...
Dragon Oil, a subsidiary of Dubai’s Emirates National Oil Company (ENOC), plans to invest about $500 million next year in oil and gas assets as part of an international expansion strategy, its chief executive told ...
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