#oil
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
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