Trump’s energy policies have been limited in detail so far
The dollar is weakening and Asian stocks have dropped
Lots of consolidation has been announced in the ADNOC group
ADNOC holds a 60 per cent share in the Al Hosn joint venture
The plants marks the fourth stage of the Mohammed bin Rashid Al Maktoum Solar Park
OPEC officials met in Vienna last month to work out the details of the Algiers plan
Tarek El Molla said last month it was unclear when the Saudi oil deliveries would resume
The Oil and Gas Climate Initiative includes Saudi Aramco, Total, BP, Eni and Repsol
The 300-page book, titled Out of the Desert, describes the battles waged by the influential industry veteran
The strategy includes a 400,000 bpd oil production increase by 2018
“The gap between supply and demand is closing,” Amin Nasser said
Oil companies helping Iraq develop its massive fields have to clear their spending with Baghdad each year
Drivers can expect price increases of roughly 5 per cent of more next month
Officials and experts from OPEC countries and non-OPEC nations met for consultations in Vienna on Saturday
Familiar concerns have emerged about OPEC’s willingness and ability to cut production in order to push prices higher
The offer was made at a closed-door meeting in Riyadh, according to sources
Last month in Algiers, OPEC agreed modest output cuts that are due to be confirmed in the coming weeks
The fire broke out last week at the Wasea crude oil plant in central Saudi
Most of the cash came from state sources
KEPCO expects the deal to boost its revenue by nearly $50bn over the next 60 years
Producer action to limit supply will help the market improve further, said Al Falih
August output dropped to 10.630 million bpd from 10.673 million bpd in July
Integration is expected to be completed by the end of 2017, ADNOC said
Kuwait’s acting oil minister expects an output “understanding” at Nov OPEC meeting
Iranian oil minister Bijan Zanganeh said Iran’s priority was developing the giant South Pars gas field
The measure is initially expected to affect 10,000 consumers
International oil benchmark Brent is currently hovering around $53 a barrel
Oil prices have rallied after the Russian president indicated the country would join OPEC in cutting production
The firm is said to be aiming for a reporting format similar to multinational oil companies BP and ExxonMobil
The company is expected to raise the financing early next year