Oil prices surge on new US sanctions against Russia Oil prices surged to a four-month high on Tuesday as... Businessmen Team 14 Jan 2025 This slight decrease followed a near 2% gain in the previous session after the US Treasury Departme...
Oil prices decline further Oil prices extended losses on Thursday, following a decline the... Businessmen Team 09 Jan 2025 Brent crude futures dipped 28 cents, or 0.4%, to $75.88 a barrel, while U.S. West Texas Intermediat...
Acwa Power secures $700 million fund for Egyptian wind farm Acwa Power, a leading Saudi energy developer, has secured financing... Businessmen Team 31 Dec 2024 Acwa Power, which holds a 70% stake in the project company, said a group of development financial...
Saudi Arabia seeks to revitalize OAPEC for stronger Arab energy ties The 113th ministerial meeting of the Organization of Arab Petroleum... Businessmen Team 29 Dec 2024 The Saudi Ministry of Energy stated that this transformation, spearheaded by Energy Minister Prince...
Gulf oil prices surge amid ME supply shortages Middle Eastern oil markets are witnessing a decline in supply... Businessmen Team 18 Dec 2024 This supply crunch is reflected in rising oil prices across the region. Traders in high-sulfur crud...
OPEC renews Haitham Al-Ghais as Secretary-General OPEC has renewed the mandate of its Secretary-General, Haitham Al-Ghais,... Businessmen Team 11 Dec 2024 Al-Ghais, a veteran of Kuwait's oil sector with over 30 years of industry experience, previously se...
Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg Saudi Arabia plans to add 1 million barrels per day... Businessmen Team 10 Dec 2024 The country's oil production will increase from around 8.9 million barrels per day in January 2025...
Saudi Arabia deepens oil price cuts for Asian buyers Saudi Arabia has significantly reduced its oil prices for Asian... Businessmen Team 09 Dec 2024 Saudi Aramco, the state-owned oil giant, announced that its flagship Arab Light crude will trade at...
OPEC+ postpones oil output meeting The OPEC+ alliance has postponed its online meeting on oil... Businessmen Team 28 Nov 2024 The alliance will convene to discuss plans for gradually restoring suspended oil supplies. While an...
KSA, Russia, Iraq emphasize need for stable oil markets Saudi Arabia, Russia, and Iraq, three key OPEC+ nations, convened... Businessmen Team 27 Nov 2024 Iraqi Prime Minister Mohammed Shia' al-Sudani hosted Russian Deputy Prime Minister Alexander Novak...
OPEC+ to hold virtual meeting this week The OPEC+ alliance, led by Saudi Arabia and Russia, is... Businessmen Team 26 Nov 2024 While no official reason has been given for the shift to a virtual format, the decision was anticip...
Saudi oil export revenues decline for fourth consecutive month Saudi Arabia's oil export revenues fell for the fourth consecutive... Businessmen Team 24 Nov 2024 Official data indicates a 24.5% year-over-year decrease in Saudi Arabia's oil revenues in September...
