Nasdaq March 22 – Saudi Arabia’s cabinet emphasised on Tuesday “the essential role” of the OPEC+ agreement in bringing balance and stability to oil markets, Saudi state news agency SPA reported. The statement, a little over a week before OPEC+ is scheduled to meet, indicates little chance the grouping will decide to raise oil output at a faster pace. Several
Yahoo News RIYADH – The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to respond and has revived a threat to ditch dollars in its oil sales to China. British Prime Minister Boris Johnson flew into the world’s biggest crude oil
Reuters LONDON (March 4): Oil jumped 4% toward US$115 a barrel on Friday in a volatile session as fears over disruption to Russian exports in the face of Western sanctions outweigh the prospect of more Iranian supply in the event of a nuclear deal with Tehran. Russian forces in Ukraine seized Europe’s biggest nuclear power plant in what Washington called
Reuters Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will agree soon to a nuclear deal that could add barrels to a badly undersupplied market. Trade was volatile, however, as investors anticipate ongoing disruption to worldwide oil flows due to heavy sanctions on
Oil and Gas 360 HOUSTON, TX & KHOBAR, SAUDI ARABIA — March 1, 2022 — Data Gumbo, the industrial smart contract network company, today announced the launch of an office in Khobar, Saudi Arabia. The new location will accelerate regional traction with leading industrial enterprises and continue the company’s record growth on a global scale. Data Gumbo is establishing a
Nasdaq BASRA/LONDON, Feb 14 – A $27-billion deal between France’s TotalEnergies <TTEF.PA> and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government. Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post
Nasdaq LONDON, Jan 31 – Top gas producer Qatar is asking the European Union to restrict resales of gas outside the bloc if it wants Qatar and other major gas suppliers to provide emergency supply in case of a Russia-Ukraine conflict, a person briefed on the talks said. Qatar has also requested an EU resolution to a 2018 probe into
World Oil LONDON (Bloomberg) –The Iranian nuclear talks could hardly be more critical for oil traders. Crude prices have surged 10% this year to around $85 a barrel, with many analysts predicting it’s only a matter of time before they hit triple digits for the first time in eight years. Whether they rush to that level or retreat hinges in
Oil Now Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter. Source: Oil Now Brent crude rose 31 cents, or 0.4%, to $88.20 a barrel by 1009 GMT. U.S. West Texas Intermediate (WTI) crude gained 21 cents, or
Yahoo Finance (Bloomberg) — China disclosed its first Iranian oil imports in a year amid talks between between Tehran and world powers aimed at reviving a nuclear accord that could pave the way for lifting U.S. sanctions. A total of 260,312 tons, or 1.9 million barrels, arrived in December, according to customs data on Thursday. That’s the first time the
Nasdaq MOSCOW, Jan 17 – Saudi Arabia’s planned purchase of Polish refining assets is set to put OPEC’s top producer in charge of two thirds of Poland’s oil supply, eroding previously dominant supplier Russia’s leverage as it grapples with regional tension. Poland has a long history of seeking to reduce its dependence on Russian energy imports through deals with alternative
World Oil (Bloomberg) –Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energy prices. “We have very serious concerns that the world could run short of energy if we are not careful in managing the transition,” Mohammed Al-Jadaan said. “In Saudi Arabia, we have an interest in
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