Each shutdown could add four million to eight million barrels of crude into global markets
OPEC members are set to hold a meeting with non-OPEC oil producing nations in Algeria this month
Falling oil prices are “harmful to all countries, especially oil producers,” he said
Efforts to tame the boom-bust cycle through the control of prices and production have repeatedly broken down, writes Reuters columnist John Kemp
Gulf Business speaks to Al Fajer Neon Energy CEO Alexis Gianniotis
The contract for the 200MW CSP plant was won by a consortium led by KPMG
Four people were injured in the blaze
Global demand growth is slowing at a faster pace than initially predicted by the IEA
Hedge funds’ net long position in crude has fallen by nearly 100 million barrels over the last two weeks
Italy’s Eni is looking to reduce a 50 per cent stake in its giant Mozambique gas acreage
The attacks were reportedly launched by forces loyal to eastern Libyan commander Khalifa Haftar
Adeeb al-Aama will replace Mohammed al-Madi as OPEC governor
Russia’s State Atomic Energy Corporation has expressed its willingness to assist in the kingdom’s nuclear plans
Tehran first wants to regains its pre-sanctions oil market share
OPEC and other producers such as Russia may resume talks on stabilising output in Algeria later this month
Countries across the Middle East are looking to diversify their energy mix with renewables emerging as a compelling option
Aramco and ADNOC store up to 6.3 million barrels of crude oil each in Okinawa
Mohammed al-Ahbabi, currently the deputy CFO, has been appointed acting CFO effective
Saudi Arabia pumped 10.67 million barrels per day in July, a record high
DEWA selected a Masdar-led consortium for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in June
The two Motiva partners announced last March they would divide their 20-year-old joint venture
The utility faces multiple challenges as it tries to keep up with rampant growth in power demand
Minor price increases to come following the recent surge in the oil market
Suhail al-Mazroui asserted that the market would “achieve stability soon”
Khalid Al-Falih said the world’s major oil producers were unlikely to freeze production next month
Saudi is not increasing output as a warning to rivals, writes Reuters columnist John Kemp
Ministry says alternative sources are more cost effective
Saudi Arabia has traditionally accounted for most of the crude imports by Asia
The deal is expected to close in early fourth quarter of 2016
The funds add to a 2015 revolving facility