At the desert complex of Saudi Arabia’s north-eastern Gulf coast, refineries, smelters and casting machines transform dull pink rocks into silver aluminium bars, a symbol of the kingdom’s attempt to diversify its economy.
News ID: 9032 Publish Date : 2020/04/02
Crude futures rose by 10pc today after US president Donald Trump suggested that Saudi Arabia and Russia may be close to "a deal" to alleviate the oil price collapse.
News ID: 9024 Publish Date : 2020/04/02
Argus is moving its coverage of key phosphate markets to a daily basis with the launch of Argus Phosphates Daily.
News ID: 8746 Publish Date : 2020/03/17
A meeting of the Opec and non-Opec Joint Technical Committee (JTC) will no longer take place as scheduled on 18 March, reducing any chance that the group will revisit extending its production deal in the short term.
News ID: 8695 Publish Date : 2020/03/12
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.
News ID: 8665 Publish Date : 2020/03/09
Iran’s Oil Minister Bijan Namdar Zanganeh said Friday’s “fruitless” meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization.
News ID: 8602 Publish Date : 2020/03/07
Today's scheduled meeting between Opec and allied non-Opec producers in Vienna has been delayed as various non-Opec participants hold bilateral discussions.
News ID: 8586 Publish Date : 2020/03/06
Saudi Arabia will sharply reduce term crude sales to China next month as the coronavirus outbreak slashes demand in the world's top oil importer. It comes as Riyadh prepares to join Opec and non-Opec allies to discuss deeper production cuts in the wake of the epidemic.
News ID: 8520 Publish Date : 2020/02/28
Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.
News ID: 8508 Publish Date : 2020/02/26
The scheduled shutdown of Saudi Arabia's 400,000 b/d PetroRabigh refinery at the end of February will restrict its production of downstream polymers.
News ID: 8253 Publish Date : 2020/01/08
Saudi Arabia’s Tadawul All Share Index (TASI) as well as other key Middle East stock exchanges were down on Sunday after the US' assassination of Iran’s top general triggered a new round of tensions between Washington and Tehran.
News ID: 8231 Publish Date : 2020/01/05
Malaysia's state-owned Petronas is expected to be commercially ready with polymers output from its Pengerang complex by next year's first quarter.
News ID: 7806 Publish Date : 2019/12/06
Saudi Arabia's oil minister Prince Abdulaziz bin Salman today called for faith and trust as the Opec+ producer group strives to formalize an agreement to deepen output cuts.
News ID: 7804 Publish Date : 2019/12/06
Opec and its non-Opec allies agreed today to deepen their prevailing 1.2mn b/d production cut target by 500,000 b/d in the first quarter next year. This was widely expected, but in a surprise move Saudi Arabia said it and other countries will continue a voluntary reduction of 400,000 b/d on top of that.
News ID: 7800 Publish Date : 2019/12/06
A move by Opec and non-Opec members toward deeper production cuts would be a "tough decision" for Nigeria, the country's oil minister Timipre Sylva said today.
News ID: 7777 Publish Date : 2019/12/05
Key Opec member countries have expressed support for deeper output cuts, Iraq's oil minister Thamir Ghadhban said, ahead of the ministerial Opec and Opec, non-Opec meetings in Vienna later this week.
News ID: 7752 Publish Date : 2019/12/03
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
News ID: 7721 Publish Date : 2019/12/02
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449 Publish Date : 2019/11/13
Saudi Aramco’s IPO looks doomed to failure as it targets a $2 trillion flotation. Tepid oil prices, the fraught politics of the Middle East and the demonization of fossil fuel producers in response to climate change fears have all made the initial public offering (IPO) a mission impossible.
News ID: 6900 Publish Date : 2019/10/23
The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.
News ID: 6745 Publish Date : 2019/10/19
