oil
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
Middle East
March 21, 2021
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in…
Exclusive: India readies Saudi oil import cut as stand-off escalates – sources
Middle East
March 17, 2021
Exclusive: India readies Saudi oil import cut as stand-off escalates – sources
NEW DELHI (Reuters) – Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter…
Oil prices fall as Saudi supply risks abate, stronger dollar
Middle East
March 9, 2021
Oil prices fall as Saudi supply risks abate, stronger dollar
SINGAPORE (Reuters) – Oil prices fell on Tuesday, reversing earlier gains, on receding fears of a supply disruption in Saudi…
Analysis: Iran slips record volume of oil into China, reaches out to Asian clients for trade resumption
Middle East
March 8, 2021
Analysis: Iran slips record volume of oil into China, reaches out to Asian clients for trade resumption
(Reuters) – Iran has quietly moved record amounts of crude oil to top client China in recent months, while India’s…
‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight
Middle East
March 6, 2021
‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight
LONDON (Reuters) – This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output…
OPEC cartel, allies face decision on increasing oil output
Middle East
March 4, 2021
OPEC cartel, allies face decision on increasing oil output
FRANKFURT, Germany (AP) — Members of oil producer cartel OPEC and allied countries are weighing an increase in production now…
Yemen’s Houthi rebels claim missile hits Saudi oil facility
Middle East
March 4, 2021
Yemen’s Houthi rebels claim missile hits Saudi oil facility
DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels said they attacked a Saudi oil facility in the port city…
Aramco seeks one-year extension on $10 billion loan: sources
Middle East
March 1, 2021
Aramco seeks one-year extension on $10 billion loan: sources
DUBAI (Reuters) – Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last…
In oil-rich Iraq, a few women buck norms, take rig site jobs
Middle East
February 28, 2021
In oil-rich Iraq, a few women buck norms, take rig site jobs
BASRA, Iraq (AP) — It’s nearly dawn and Zainab Amjad has been up all night working on an oil rig…
Obituary: Yamani, the Saudi oil minister who brought the West to its knees
Middle East
February 24, 2021
Obituary: Yamani, the Saudi oil minister who brought the West to its knees
DUBAI (Reuters) – Saudi Arabia’s Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face…