Brent crude has gained over 30 per cent this year to top $68 a barrel
Consumption may also get a boost when China breaks for an extended holiday on Saturday
Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
The global oil market recovery is being driven by China and the US, with positive signs emerging from parts of Europe
The company reshuffled its senior management last year and created a division focused on portfolio optimisation
Deliberations on the potential listings are ongoing and no final decisions have been made
Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week
Data from the US and Asia do bolster the case for OPEC+ to loosen the taps
Oil accounts for 90 per cent of Kuwait’s revenue
A US inventory report showed domestic fuel consumption is at the highest in four months
The non-oil economy shrank an annual 0.8 per cent in the fourth quarter
Crude has rallied strongly in the opening months of 2021
Fujairah International Oil & Gas Corp claims it’s an intermediary seller of the cargo and that it is Iraqi oil
Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on March 4
A rising currency wiped out a solid surge following an attack on a major Saudi Arabian export crude terminal
A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran
Futures in London rose 0.9 per cent after capping a third weekly gain
Futures in New York traded near $55 a barrel after jumping almost 5 per cent over the previous two sessions
Petrol prices will remain unchanged while the price for diesel has been cut
Abu Dhabi pumps almost all of the oil in the UAE
The kingdom’s pledge comes amid more stay-at-home orders and travel restrictions to rein in a surge of infections
The discoveries were made in the largely unexplored western and northwestern areas of the country
This is the 10th consecutive month that prices have stayed unchanged
Saudi Aramco is continuing to work on determining the size and volume of discovered fields
Rollout of coronavirus vaccines and improvement in ties between the US and China are likely to improve demand for oil
More than 40 countries are restricting flights and effectively isolating the UK
The mutation comes as vaccines are being rolled out in several countries and as the US closes in on a stimulus plan
Saudi Energy Minister met in Riyadh on Saturday with Russian Deputy Prime Minister
US gasoline stockpiles expanded by 828,000 barrels last week
Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves