Thursday 23 Jan
Oil prices surged to a four-month high on Tuesday as Chinese and Indian buyers sought alternative suppliers following the latest round of stringent US sanctions...
Oil prices extended losses on Thursday, following a decline the previous day. This downturn was primarily attributed to a significant surge in U.S. fuel inventories...
Acwa Power, a leading Saudi energy developer, has secured financing of 2.64 billion Saudi riyals (approximately $702 million) for a 1,100-megawatt wind power project in...
The 113th ministerial meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC), held in Kuwait on Friday, approved a Saudi proposal to restructure the...
Middle Eastern oil markets are witnessing a decline in supply amid the UAE's intention to reduce its crude oil sales and the stumbling of Iranian...
OPEC has renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three-year term starting from August 1, 2025.
Saudi Arabia plans to add 1 million barrels per day to its oil production by September 2026, according to a statement from the eight countries...
Saudi Arabia has significantly reduced its oil prices for Asian customers, exceeding market expectations. This move follows the OPEC+ decision to further delay planned production...
