Oil and GasTop StoriesOil prices hit their highest levels since 2014 as demand recoversGBO CorrespondentOctober 18, 2021 GBO CorrespondentOctober 18, 2021 Brent crude oil futures rose 87 cents, or 1%, to $85.73/ barrel...
Oil and GasTop StoriesDemand for natural gas in Arab countries is growing at 4.8% annuallyGBO CorrespondentOctober 12, 2021October 12, 2021 GBO CorrespondentOctober 12, 2021October 12, 2021 The demand for natural gas in the wider Arab region is currently...
Oil and GasTop StoriesKuwait Oil Company to invest $1.6 bn on oil exploration in the next five yearsGBO CorrespondentSeptember 14, 2021September 14, 2021 GBO CorrespondentSeptember 14, 2021September 14, 2021 The company aims to increase production to four mn bpd by 2040...
Oil and GasTop StoriesOil prices to reach $75/barrel by end of 2021GBO CorrespondentAugust 27, 2021 GBO CorrespondentAugust 27, 2021 Oil demand rose by 3.8 million barrels per day in June, which...
Oil and GasTop StoriesIraq mulls increasing oil production to 8 mn bpd by 2027GBO CorrespondentAugust 12, 2021 GBO CorrespondentAugust 12, 2021 The same was revealed by Iraqi oil minister Ihsan Abdul Jabbar...
Oil and GasIraq signs deal with Lebanon to supply 1 mn tons of fuelGBO CorrespondentJuly 26, 2021July 26, 2021 GBO CorrespondentJuly 26, 2021July 26, 2021 The country is going through an economic crash that is threatening its...
Oil and GasTop StoriesOPEC+ to boost oil output by 400,000 barrels a day each month till Dec 21GBO CorrespondentJuly 19, 2021July 26, 2021 GBO CorrespondentJuly 19, 2021July 26, 2021 The deal will also boost the oil output of regions like UAE,...
Oil and GasTop StoriesSaudi Aramco to raise billions from asset salesGBO CorrespondentJuly 9, 2021 GBO CorrespondentJuly 9, 2021 Saudi Aramco raised around $12.4 bn by selling the leasing rights over...
FeaturedOil and GasPipeChina begin operations at gas lines and LNG terminal acquired from Kunlun EnergyGBO CorrespondentApril 1, 2021 GBO CorrespondentApril 1, 2021 Acquired assets from Kunlun Energy include four parallel gas trunk lines and...
Oil and GasTop StoriesPetroleum Development Oman signs $4 bn service contractsGBO CorrespondentMarch 24, 2021 GBO CorrespondentMarch 24, 2021 The new contracts worth $4 bn is expected to boost the Omani...