US crude inventories fell by 5.3 million barrels in the last week
The deal comes under a programme to increase oil production at the Al-Barri oilfield
The ministers discussed the potential for US-Saudi civil nuclear cooperation
Petronas and Aramco have equal stakes in the $27bn complex
The plant is intended to divert 300,000 tonnes of solid waste from landfills each year.
Last month, Middle Eastern light crude grades sold at discounts of as wide as 70 cent to 75 cents a barrel
OPEC and Saudi Arabia do not have an official price target and are unlikely to adopt one formally
The IPO plan comes as the company plans to boost storage capacity in Fujairah
Baker Hughes will provide drilling services, coiled tubing services and drilling fluids engineering services
The drop in July output was due to lower exports after Riyadh halted oil shipments through Bab al Mandeb
The planned listing was to be the cornerstone of the kingdom’s Vision 2030 agenda
The agreement’s duration has reportedly been reduced from perpetuity to 40 years
ADNOC will reportedly favour companies it already has partnerships with, including ENI and Austrian oil and gas group OMV
A Reuters report quoted sources as saying that Saudi had called off both the domestic and international stock listing of Aramco
Kuwait also expects to “soon” resume production in the neutral zone along with Saudi
Iran is the third-largest OPEC oil producer after Saudi Arabia and Iraq
Dana Gas was involved in a long and complex legal dispute with its creditors
The drop in demand for OPEC crude means there will be less strain on other producers
The JV will purchase the gasification assets, power block and the associated utilities from Saudi Aramco
Saudi oil minister says Aramco’s relations with its customers in Canada will not face an impact from the spat
The US government said it wants as many countries as possible to stop buying Iranian oil
The overall construction progress rate for the four units of the nuclear power plant is now more than 89 per cent
OPEC agreed with Russia and other oil-producing allies in June to raise output from July
Saudi Arabia temporarily halted oil shipments through the lane on July 25
Kuwait has raised its oil output under June’s OPEC agreement
Petrol prices are up marginally in August while the cost of diesel has been reduced
The $24.4bn plant is the world’s largest nuclear project under construction
Wren House fought off bids from JP Morgan, Blackstone, and private equity fund KKR to buy NSMP, sources said
The agreement was signed during Chinese President Xi Jinping’s visit to the UAE
Aramco’s IPO is expected to be launched in 2019