Global manufacturers have reported falling export orders for eight months since September, writes Reuters columnist John Kemp
US sanctions on Venezuela and Iran and a Russian oil crisis have tightened sour crude supplies in Asia
The UAE links fuel prices to movements in international oil rates
The new service stations will be located in different areas across the kingdom
There are still uncertainties around oil demand growth
The Kuwaiti firm’s Pakistan unit has secured a concession for the Makhad oil block in Punjab province
Aramco has been developing its own gas resources and eyeing gas assets in the United States, Russia, Australia and Africa
This stage is part of the 800MW third phase of the world’s largest single-site solar park in Dubai
OPEC, Russia and other major producers, agreed to cut output by 1.2 million barrels per day from Jan 1 for six months
The job by OPEC and its allies to balance the oil market is not complete yet, he said
Asia gets nearly 70 per cent of its crude oil from the Middle East
The attacks caused a fire at one of the stations leading to “limited damage”
Iranian oil accounted for about 4 per cent to 5 per cent of Japan’s total oil supplies before the US sanctions kicked in
Profits were hit by foreign exchange losses and revaluation of U.S power assets
Riyadh is reluctant to boost oil supply too quickly and risk a price crash and a build-up in inventories
Taqa has allocated about $1.2bn for new investments and acquisitions in North America and the MENA region
Saudi oil exports to China averaged at 1.37 million barrels per day in the first four months this year
Riyadh often lifts output in the hot summer months to fuel oil-fired power plants and meet rising electricity demand
The price of $70 per barrel is an appropriate price for producers and consumers, he said
ADNOC Distribution said net cash generated from operating activities decreased in the quarter
Saudi’s energy minister was talking to Russia’s RIA news agency
Petrol prices rose in March and April in the UAE
Abu Dhabi’s ADNOC sealed the $4bn pipeline deal in February
Aramco is expanding downstream operations as part of its drive to become the world’s largest integrated energy firm
Khalid Al Falih said Saudi will respond to customers’ needs if asked for more oil
Brent crude futures rose $2.07, or 2.88 per cent, to settle at $74.04 a barrel on Monday
Saudi Aramco Shell Refinery Co has a crude oil refining capacity of 305,000 barrels per day
The kingdom pumped 10.136 million bpd in February, down from 10.243 million bpd in January
Aramco is expanding its refining and petrochemical business globally
Aramco has agreed to buy a 17 per cent stake in Oilbank’s oil processing operations