Tag: Oil Sector
Oman saw strong economic growth in 2021 despite pandemic; Minister
Oman's Minister of Economy His Excellency Dr. Saeed bin Muhammad Al Saqri has stated that the Sultanate's economy grew strongly in 2021, because of...
Middle East’s crude oil attracts Asian refiners like never before
Oil buyers in Asia are increasingly turning to heavy sour crude oil grades from the Middle East, which as a result, have seen their...
An effective vaccine is the lifeline that oil markets and OPEC...
The oil market needed a shot in the arm after a string of bad news. Last week, when the pharmaceutical giant Pfizer revealed that...
Abu Dhabi prepares to trade Crude Futures from 2021
In March 2021, oil-rich Abu Dhabi will open a commodity exchange to compete with Middle Eastern rivals and allow investors to trade their crude...
Saudi Arabia will continue to remain a key global player regardless...
Because of its political, religious and economic weight, Saudi Arabia enjoys a strong position in global affairs. The Kingdom has always played a vital...
Saudi Aramco has a different plan to win the post-COVID world
During the COVID-19 pandemic, the drop in demand for crude has prompted oil producers to accept the possibility that the market for fossil fuels...
BP shares at 25-year low after revealing clean energy plan
A week after the UK based oil giant British Petroleum (BP) revealed its plan to shift into clean-energy, the company saw their share price...
Historic alliance of Global Oil Giants; New emission targets revealed
For the first time in history, the world’s leading oil producers including Saudi Aramco, China’s CNPC and Exxon Mobil have united to set objectives...
