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Wednesday, July 15, 2020 2:11 GMT
Iraq has pledged to reach 100% compliance with its OPEC+ quota in August and make up for overproduction in May and June, as OPEC's second largest producer continues to improve its adherence to historic OPEC+ cuts, the country's oil minister said on July 13. Iraq affirmed its commitment to the OPEC+...More
Algerian President Abdelmadjid Tebboune ordered the company be scrutinized, according to a statement released following...More
OPEC member Kuwait has decided to chop 7 billion Kuwaiti dinars (US$27 billion) off the budget allocated for oil...More
Two former managers of Monaco-based energy consultancy Unaoil have been convicted in Britain of bribing Iraqi officials...More
The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in...More
Algerian President Abdelmadjid Tebboune ordered the company be scrutinized, according to a statement released following the weekend’s cabinet meeting. The audit will consider Sonatrach’s actions,... More
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Khaleeji Commercial Bank (KHCB), one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced that it is fully set to provide its open banking service to clients through its... More
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The Saudi Telecom Company (STC), the Kingdom’s largest telecom company, said that it will need an additional two months to complete a deal to purchase a 55 % stake in Vodafone Egypt. In January, STC... More
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The price of Iran's heavy crude oil has increased by US$2.75 to US$40.25 per barrel on the week ending 3 July as compared to the week ending 26 June which was US$37.5, a report said. This is while... More
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Iraq has pledged to reach 100% compliance with its OPEC+ quota in August and make up for overproduction in May and June, as OPEC's second largest producer continues to improve its adherence to... More
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OPEC member Kuwait has decided to chop 7 billion Kuwaiti dinars (US$27 billion) off the budget allocated for oil projects in the current five-year development plan due to the impact of coronavirus on... More
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The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in place to prevent proceeds from fuelling further conflict in the north African... More
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BankDhofar joined hands with Oman Air to launch an E-commerce Payment Gateway platform. The initiative will enable Oman Air customers to process their air tickets booking online, using their debit... More
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Qatar Petroleum has set the August official selling prices (OSP) for its Qatar Marine crude at US$1.35 a barrel above the average of Platts Oman and Dubai quotes, up 60 cents a barrel from the... More
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The Royal Commission of Jubail and Yanbu (RCJY), in collaboration with CWC (a brand of Global Future Energy) is launching a global dialogue on the future of the petrochemical sector and its recovery... More
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Yemeni Houthi forces hit a large oil facility in the southern Saudi Arabian city of Jizan in drone and missile attacks overnight, a Houthi military spokesman said on Monday. The Saudi-led coalition... More
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