Breaking News
Oil
Oman oil prices continue to rise
The price of Omani oil continued its rise, with prices for delivery by next July reaching $31.49 USD on the Dubai Energy Market. A statement issued online by the Oman News Agency (ONA) said: “The official price of Oman oil on the Dubai
Read More
UAE to cut oil output by 100,000 bpd in June
The UAE will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to back Saudi Arabia's efforts to rebalance the world oil market, said Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and
Read More
Saudi Arabia delays May crude prices until after OPEC+ meeting
Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter
Read More
Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC's de facto leader and most influential member, decided at its latest meeting in Vienna to break its recent strategic oil
Read More
An oil price war is here to stay, analysts warn — even as prices tumble to nearly two-decade lows
An oil value war between Saudi Arabia and Russia will in all probability collect throughout the year, vitality examiners have told, forever until
Read More
India plans to top up strategic tanks with cheap Saudi, UAE oil: Report
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR),
Read MoreGlobal impact of the Saudi Arabia-Russia oil war
Oil has a frightful propensity for breaking coalitions, beginning wars and toppling systems. This week saw one progressively pivotal change in the valuing of oil and more then likely each of the three offensive consequences will happen. For
Read MoreNigeria Risks Recession As Saudi Arabia Begins Global Oil Fight
Saudi Arabia plans to singularly expand oil yield one month from now, a move that could additionally decrease costs, dependable sources told Bloomberg. Such a move could exacerbate the situation for oil-subordinate nations like
Read MoreCoronavirus: Saudi Arabia fishes in troubled waters
For a situation of war inside a war, Saudi Arabia cut its fare oil costs throughout the end of the week setting off a value war focusing on Russia with an eye hitting at Venezuela, Iran and the American oil organizations. This may sound
Read MoreSaudi coalition 'foils attack' on oil tanker off Yemen's coast
The Saudi-drove alliance battling in Yemen said on Wednesday that it thwarted an "impending fear based oppressor assault" on an oil tanker off Yemen's coast on the Arabian Sea. The tanker was cruising 90 nautical miles (167km)
Read More