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ADNOC awards $658mn framework agreements to drive upstream growth

UAE state-owned oil company, Abu Dhabi National Oil Company (ADNOC) has awarded framework agreements valued at $658 million (AED 2.4 billion) for cementing services...

Aramco and Egypt’s Red Sea Petrochemicals sign long-term crude oil supply...

Saudi energy giant Aramco’s trading unit Aramco Trading Company (ATC) will associate with Egypt’s Red Sea National Petrochemicals Company for long-term crude oil supplies...

Dubai Mercantile Exchange has the confidence of major oil producers: Sheikh...

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, praised...

OPEC+ delayed production decision tests group’s coordination capacity; Fitch

American credit rating agency, Fitch Ratings has stated that the OPEC+ has delayed its decision on the extent of crude oil production increases, raising...

Oil prices rally above $75 as OPEC+ holds off on production...

Oil prices closed their differential and ended the week higher, as OPEC+ deferred a long-awaited meeting regarding future production increases.  After bridging their spreads and...

Saudi Aramco’s contribution to the Kingdom dropped by 30% in 2020

The world’s biggest oil producer, Saudi Aramco saw its payments to the Kingdom's government drop by 30 percent in 2020 as crude oil prices...

Industry analysts and economists remain bullish on oil prices in 2021

While a monthly poll conducted among trade analysts and economists projects the Brent Crude prices to hover around $50.67 a barrel in 2021, lower...

Russia to support further oil production rise from February

Russia, one of the major forces outside the Organization of the Petroleum Exporting Countries (OPEC) group is reportedly willing to support any further raise...
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