Aramco to reorganise downstream business to support its global growth
Aramco will expand its downstream business globally...
Category : Oil & Gas
Global oil demand will soar by a record 7 bpd in 2021:OPEC
Oil prices in 2020 have collapsed due to an oil price war and the coronavirus pandemic...
EPRA revokes Swift Energy Distributors licence for disregarding laws
The licence was revoked for storage and filling of LPG cylinders...
Shell to write off assets worth up to $22 bn due to Covid-19
Shell expects a 40% drop in sales in the second quarter...
China to increase oil and gas production in 2020
China is aiming to raise its crude oil production by 1% to 3.85 mn bpd...
Middle East energy investments to see sharp decline to $792 bn
Thee sector will see a $173 mn decline during the period between 2020 and 2024...
Aramco acquires 70% stake in SABIC for $69.1 bn
The payments will be funded in part by four bonds issued by Aramco to the PIF...
Global investment in oil and gas to see 29% decline from last year
On an estimate, energy companies will spend $383 billion this year on oil and gas drilling and pumping...
Petroleum dealers in Africa hoard fuel products
The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences...
China’s oil demand rebounds to 90% pre-Covid-19 levels
Demand is expected to reach 92% in May...