OPEC+ to stay cautious as oil market surplus comes in December
OPEC+ is gradually unwinding record production costs observed in 2020 by raising...
Category Oil and Gas
Arabian Pipes signs SAR 66 mn deal with Aramco to provide steel pipes
The contract has a duration of 14 months...
High oil demand might dampen recovery: OPEC
The regulatory body expects oil demand to average 99.49 million barrels per...
BlackRock CEO Larry Fink says oil prices might reach $100/barrel
Brent crude oil fell 28 cents to $85.71 per barrel in trading...
GBO
Magazine
Aseer’s growth engine accelerates
Petrobras’ production in the third quarter up by 1.2%
Oil production down by 4.1% when compared to the same period last...
Oil prices hit their highest levels since 2014 as demand recovers
Brent crude oil futures rose 87 cents, or 1%, to $85.73/ barrel...
Demand for natural gas in Arab countries is growing at 4.8% annually
The demand for natural gas in the wider Arab region is currently...
Saudi Aramco to supply additional crude oil to north Asian buyers
Aramco will meet full supply volumes for next month...
Saudi Arabia’s Alturki Holdings oil arm acquires drilling firm Newsco
Sawafi will now control 9 patents in directional drilling...
TotalEnergies expect the world to reach peak oil demands by 2030
Oil demand would drop to 40 or 64 mn barrels per day...