#oil

Saudi Aramco’s profit soars in Q1 as crude prices rise

Brent crude has gained over 30 per cent this year to top $68 a barrel

Oil trades at six-week high with demand optimism spurring rally

Consumption may also get a boost when China breaks for an extended holiday on Saturday

Chemicals maker Sabic’s profit surges as economies reopen

Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter

Oil swings near $63 as OPEC+ bets market can absorb more supply

The global oil market recovery is being driven by China and the US, with positive signs emerging from parts of Europe

Aramco said to review upstream assets for potential stake sales

The company reshuffled its senior management last year and created a division focused on portfolio optimisation

Abu Dhabi oil giant ADNOC considers drilling, fertilizer IPOs

Deliberations on the potential listings are ongoing and no final decisions have been made

Oil steady near $59 as Fed’s Powell points to economic growth

Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week

Oil climbs above $60 as OPEC+ faces critical decision on supply

Data from the US and Asia do bolster the case for OPEC+ to loosen the taps

Kuwait’s state oil company to seek up to $20bn of funding

Oil accounts for 90 per cent of Kuwait’s revenue

Oil bounces back as US supply report hints at demand revival

A US inventory report showed domestic fuel consumption is at the highest in four months

Saudi economy contracted 3.9% in fourth quarter as oil drags

The non-oil economy shrank an annual 0.8 per cent in the fourth quarter

Oil pushes above $66 as China’s recovery aids outlook for bulls

Crude has rallied strongly in the opening months of 2021

Fujairah claims US seized Iraqi oil headed to China

Fujairah International Oil & Gas Corp claims it’s an intermediary seller of the cargo and that it is Iraqi oil

Qatar ships first oil cargo to UAE since Gulf embargo ended

Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on March 4

Oil slides amid broader commodity rout as volatility returns

A rising currency wiped out a solid surge following an attack on a major Saudi Arabian export crude terminal

Key Saudi Arabian oil site attacked, sending crude prices surging above $71

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

Brent oil extends advance toward $60 on tightening global market

Futures in London rose 0.9 per cent after capping a third weekly gain

Oil jumps to one-year high with depleting supplies aiding rally

Futures in New York traded near $55 a barrel after jumping almost 5 per cent over the previous two sessions

UAE reveals fuel prices for February

Petrol prices will remain unchanged while the price for diesel has been cut

Abu Dhabi raises February Murban crude pricing after Saudi boost

Abu Dhabi pumps almost all of the oil in the UAE

Oil steady near $50 after surging on Saudi output cut

The kingdom’s pledge comes amid more stay-at-home orders and travel restrictions to rein in a surge of infections

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Kuwait makes three oil and gas discoveries

The discoveries were made in the largely unexplored western and northwestern areas of the country

UAE announces fuel prices for January 2021

This is the 10th consecutive month that prices have stayed unchanged

Saudi Arabia announces discovery of four new oil and gas fields

Saudi Aramco is continuing to work on determining the size and volume of discovered fields

UAE sees gradual oil demand recovery in 2021 – minister

Rollout of coronavirus vaccines and improvement in ties between the US and China are likely to improve demand for oil

Oil slips with new coronavirus strain threatening fuel demand

More than 40 countries are restricting flights and effectively isolating the UK

Oil falls below $48 with virus mutation raising lockdown risks

The mutation comes as vaccines are being rolled out in several countries and as the US closes in on a stimulus plan

OPEC+ will react faster, be more hands-on with oil market, Saudi, Russian officials say

Saudi Energy Minister met in Riyadh on Saturday with Russian Deputy Prime Minister

Oil rally pauses after report points to rising US stockpiles

US gasoline stockpiles expanded by 828,000 barrels last week

Oil market receives boost as OPEC+ agree to gradual output hike

Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves