Middle East

Libya's El Sharara Oilfield Won't Reopen Until Occupiers Leave -NOC

Libya's biggest oilfield, El Sharara, will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Jan. 29, more than a month after the field closed because of a protest.

Jan 29 2019 - 8:49am

ADNOC Seals $5.8 Billion Refining/Trading Deal With ENI, OMV

‘One-of-a-kind’ deal diversifies partners’ interests.

Jan 28 2019 - 10:51am

Russia Seals Position As Top Crude Oil Supplier To China, Holds Off Saudi Arabia

Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.

Jan 25 2019 - 8:27am

US Oil Production To Surpass Russia, Saudi Arabia Combined In 2025

The growth in U.S. liquids production will be driven by major shale basins such as the Permian Basin in parts of Texas and New Mexico, a Rystad Energy report said.

Jan 24 2019 - 3:15pm

U.S. Oil Firms Tell OPEC Their Growth Will Slow

U.S. oil producers sought on Jan. 23 to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts.

Jan 24 2019 - 8:41am

Russia Says Oil Price War With US Would Be Too Costly

Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.

Jan 23 2019 - 8:44am

Newcomers Pile Into Race For Qatar LNG

Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers.

Jan 23 2019 - 7:45am

Saudi Aramco Eyes Multibillion-Dollar US Gas Acquisitions

Saudi Aramco CEO Amin Nasser says his company is looking to acquire natural gas assets in the U.S. and is willing to spend "billions of dollars" there as it aims to become a global gas player.

Jan 23 2019 - 7:35am

Iraq’s Southern Oil Exports Hold Near Record In January

Figures lead to questions of whether country is holding to OPEC quota.

Jan 21 2019 - 8:14am

Saudi Arabia Plans Oil Refinery, Petchem Plant In South Africa

Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid al-Falih said on Jan. 18 after talks with his South African counterpart.

Jan 18 2019 - 10:14am

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