Oil is up about 9 per cent this month after the US and China struck a preliminary trade pact and the OPEC + group agreed to deepen output cuts
The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day
Investors are seeking new catalysts for the stock after it was included in major emerging-market equity benchmarks
Oil inventories may accumulate by 700,000 barrels a day in Q1 even if OPEC+ implements its entire cutback of 2.1 million bpd
The Beijing-based company will acquire stake in a deal that values Oman Electricity Transmission Co. at about $2bn
The agreement entails exploring the development of an ethylene dichloride facility in Abu Dhabi
Total will purchase Marathon’s stake in the Waha concessions for $450m, and has committed to invest an additional $650m to boost capacity by 180,000 barrels a day
Saudi Arabia is looking to raise more than $25bn by selling a 1.5 per cent stake in the world’s largest oil producer
The UAE exported 32.24 million barrels of crude oil to Japan in October
Armenia has committed to produce 30 per cent of its electricity from renewable sources by 2025
The Organisation of Petroleum Exporting Countries and its partners will meet in Vienna this week
The Organisation of Petroleum Exporting Countries and its partners will meet in Vienna on December 5-6 to decide on policy going forward
The Saudi government plans to raise more than $25bn by selling a 1.5 per cent stake of the oil giant
The price of diesel has been kept steady
The ‘Fuel Up and Fly Off’ offer will give customers an opportunity to win round-trip tickets with Etihad
The deal will now rely on local investors and won’t be marketed in the US, Canada and Japan
OPEC and its allies — who together pump about half the world’s oil — will meet in Vienna in early December
Fund managers can subscribe to the stock until Dec. 4
It’s the latest sign that the giant Saudi oil company has scaled back the international ambitions for the IPO
The Saudi Arabian Monetary Authority will allow smaller retail investors to borrow twice their cash investment, double the normal leverage limits the regulator allows for IPOs
Aramco said it is seeking to raise as much as $25.6bn by selling a 1.5 per cent stake
Petrochemical projects offer hope amid a bearish industry outlook
Among 16 banks that offered a valuation, the range in estimates ran from $1.1 trillion at the bottom right up to $2.5 trillion
The investment will galvanise the company’s first Murban grade crude producing field
The prospect of oversupply looms over the market in 2020, says experts
ADNOC wants the Murban futures contract to become a benchmark for crude from the Middle East
The new fuel stations are aimed at serving smaller neighborhood areas
Saudi is also leaning on friendly governments to drum up demand for the listing
Collections worth $230m came in from its operations in Egypt, the UAE and Kurdistan region of Iraq
The platform will reportedly be based in Abu Dhabi’s financial district and operated by Intercontinental Exchange