(Bloomberg) — Even before the deadly virus struck, another menace confronted the global energy industry: the warmest winter anyone can remember. Russia’s winter was so balmy that...
(Bloomberg) — The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth within 15 years as oil...
The coronavirus (nCoV) outbreak might spill over to impact oil demand with OPEC (Organization of the Petroleum Exporting Countries) and its allies mulling another 500,00 barrels...
Abu Dhabi National Oil Company (ADNOC) today announced a new gas find with 80 trillion standard cubic feet (TSCF) of shallow gas resources, which could contribute...
(Bloomberg) — Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging...
(Bloomberg) — January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares in Saudi...
(Bloomberg) — Saudi Basic Industries Inc. expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals. The shares fell....
(Bloomberg) — The world’s largest energy traders enjoyed one of their best-ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East...
(Bloomberg) — Oil tumbled on fears China’s deadly coronavirus will crimp demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and...
Petroleum Development Oman (PDO) has drilled the 1,000th well at Marmul–Rahab–Thuleilat–Qaharir (RTQ) cluster located in South Oman. This is the second time that a PDO oil...
