Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to sp...
In the same week that Saudi Arabia made a veiled threat to use oil as a political weapon, the U.S. offered ano...
The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in...
General Electric Co. secured a $700 million contract to supply turbine and generator units for Egypt’s first n...
The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired powe...
The country’s representative to OPEC said he expects oversupply to last up to five years Oil markets will continue to be oversupplied for as long as five years as producers in the Midd... Read more
Oil demand in Asia will rise by about 16 million barrels a day to almost 46 million by 2040 Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia w... Read more
Libya pumped about 1.6 million barrels a day of crude before a 2011 rebellion ended Muammar Qaddafi’s 42-year rule Libya’s Petroleum Facilities Guard halted crude shipments from Zueitina por... Read more
The UAE, OPEC’s third-largest producer, has raised output this year amid a global glut Improving economies in Europe and elsewhere together with a continued decline in output of shale oil po... Read more
Middle Eastern oil producers such as Saudi Arabia have been expanding refining capacity to reduce costly imports of fuel Yasref oil refinery, a venture between Saudi Arabian Oil Company and... Read more
The country’s foreign minister said OPEC and other nations should meet to discuss oil prices Algeria supports Venezuela’s call for a summit among heads of state from OPEC and other oil... Read more
The head of Abu Dhabi’s Department of Economic Development said oil at $50 a barrel should spur growth Oil at $50 a barrel is a “gift to the world” as prices should be low enough to sp... Read more
Iran is raising production from South Pars to provide fuel for power plants as well as raw material for chemical factories Iran plans to start producing gas and condensate at Phases 17 and 1... Read more
Iran is preparing to boost its output once world powers remove economic sanctions Iran will pay foreign oil companies larger fees than it did under previous buy-back contracts to attract $10... Read more
Noble will “shortly” deliver its first million metric tonnes of LNG within the first year of operations in the segment Liquefied natural gas is booming for Noble Group, the Singapore-listed... Read more
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