oil
Fire at Syrian oil refinery extinguished after leakage
Middle East
May 10, 2021
Fire at Syrian oil refinery extinguished after leakage
DAMASCUS, Syria (AP) — Firefighters extinguished a blaze Sunday in a distillation unit at one of Syria’s two oil refineries,…
Saudi oil firm Aramco’s first-quarter profits up by 30%
Middle East
May 4, 2021
Saudi oil firm Aramco’s first-quarter profits up by 30%
DUBAI, United Arab Emirates (AP) — Saudi Aramco’s profits soared by 30 percent for the first-quarter of the year, compared…
US$1 billion in new investments for Khaleda and Qarun oil fields
Business
April 28, 2021
US$1 billion in new investments for Khaleda and Qarun oil fields
Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, chaired, on Wednesday, the meeting of the general assembly of both…
Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices
Middle East
April 9, 2021
Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices
DUBAI (Reuters) – In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices.…
Iran frees South Korean ship it held amid dispute over funds
Middle East
April 9, 2021
Iran frees South Korean ship it held amid dispute over funds
DUBAI, United Arab Emirates (AP) — A South Korean oil tanker held for months by Iran amid a dispute over…
Saudi minister urges caution on oil production levels
Middle East
April 3, 2021
Saudi minister urges caution on oil production levels
FRANKFURT, Germany (AP) — Saudi Arabia’s energy minister took a cautious view of any increase in oil production as members…
Power play – India wields oil ‘weapon’ to cut dependence on Saudi
Middle East
April 2, 2021
Power play – India wields oil ‘weapon’ to cut dependence on Saudi
NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the…
Saudi-led coalition lets four fuel ships dock at Yemen’s Hodeidah port: sources
Middle East
March 24, 2021
Saudi-led coalition lets four fuel ships dock at Yemen’s Hodeidah port: sources
DUBAI (Reuters) – The Saudi-led coalition has allowed four fuel ships to dock at Yemen’s Red Sea port of Hodeidah,…
Could a 258mph electric hypercar help Dubai ditch its gas guzzlers?
Middle East
March 23, 2021
Could a 258mph electric hypercar help Dubai ditch its gas guzzlers?
According to its designers, the 1,914-horsepower Rimac C_Two hypercar will take a driver from 0 to 60 miles per hour in…
Saudi oil giant Aramco reports 30% drop in payments to state
Middle East
March 22, 2021
Saudi oil giant Aramco reports 30% drop in payments to state
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30 percent less in…