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
Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks
Japan imported a total of 64.212 million barrels of crude from around the world in September
The oil market has been hit hard in 2020, with prices plummeting to record lows
ICE had announced plans in November last year to launch the platform in partnership with ADNOC
Saudi Arabia published an overview of its spending for the next three years that envisages annual cuts to help contain its fiscal deficit
The Organization of Petroleum Exporting Countries and allies including Russia are to meet on November 30-December 1 to review policy on production
Oman’s startup and innovation ecosystem is picking up pace
Prices will remain unchanged for the seventh consecutive month in October
Aramco said it will drill more wells to evaluate how much energy the fields hold
Oil prices will probably continue to rise as excess inventories are used up
Abu Dhabi raised $7bn in April also through a three-tranche bond offering
KPC is reportedly planning to combine its eight business units into four to streamline operations
The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects
Its revenue for H1 2020 stood at Dhs7.95bn, down 22.6 per cent from Dhs10.27bn year-on-year
OPEC and allied producers have started to ease output curbs amid weakening demand
Froehlich spent 16 years working at Morgan Stanley in Europe and the Middle East
US gasoline futures tumbled the most in two months amid fears that lockdowns may need to be re-imposed
This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock
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