While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile
The project will be located at Neom on the Red Sea coast in northwestern Saudi Arabia
With regional businesses now allowed to return back to offices, how are they handling the transition?
Froehlich spent 16 years working at Morgan Stanley in Europe and the Middle East
Sustainability must take priority as economies begin the process of recovering from the impact of the coronavirus
As much as 60 billion tons of emissions, about twice what the world spewed out in 2019, could be prevented if money is spent in these new markets
The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month
Taqa has 23 gigawatts of power-generation capacity globally, with assets in Canada, Ghana, India, Iraq, the US and several other countries
Brooge is adding eight tanks at the site in the UAE port of Fujairah
A surge in cases across the southern and western US is causing states to reinstate measures, threatening the outlook for oil demand
US gasoline futures tumbled the most in two months amid fears that lockdowns may need to be re-imposed
A consortium of investors will collectively acquire a 49 per cent stake in ADNOC Gas Pipeline Assets
ENOC Group owns and operates ten terminals with a total combined storage capacity of 6.6 million cubic metres across 346 tanks
Brent futures for August settlement gained 3 cents to $42.22 a barrel on the ICE Futures Europe exchange as of 12.03pm in Singapore
Maaden Waad Al Shamal Phosphate Co. will refinance $2.3bn owed to a syndicate of commercial banks and financial institutions
Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts
The slow resumption of flights will constrain jet-fuel consumption, and high unemployment will restrict gasoline use
Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028
Oman Tank Terminal Co. (OTTCO) has almost finished constructing eight tanks to store crude for a new refinery near the town of Duqm on the Arabian Sea
In light of historic oil price routs and oversupply triggered by the novel coronavirus, how imminent and optimal is recovery for regional energy markets? Gulf Business speaks to Rita Allan, senior Construction and Projects associate at Pinsent Masons Middle East, to find out more
The kingdom has exported just one cargo to the US so far in June, equivalent to about 133,000 barrels a day
While oil has rebounded rapidly since April as OPEC+ production cuts kicked in and US output fell, the rally fizzled last week
The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia
Futures in New York fell below $35 a barrel after losing 8.3 per cent last week
Aramco will pay $24.8bn this week as a first installment in the deal
The market is grappling with record high US oil inventories and an uneven demand rebound
No expatriates will be hired for positions in Kuwait Petroleum Corporation (KPC) and its subsidiaries for the year 2020-21
Futures dropped 1.9 per cent in New York, erasing almost all of the gains from the previous session
Murban for March sold at a $1.88 premium over the regional benchmark before plunging to discounts. For July, it will sell at a $1 premium