Brent oil gave up some gains posted at the end of the worst week since October as the dollar strengthened and as investors assessed the near-term demand outlook. SourceContinue Reading
The exercises will enhance the security of vital installations and oil fields, and secure freedom of navigation in the region’s waters, the official Saudi Press Agency said. They will be conducted by the Royal Saudi Navy with participation from Saudi Aramco, the state oil company. SourceContinue Reading
Brent oil gave up some gains posted at the end of the worst week since October as the dollar strengthened and as investors assessed the near-term demand outlook. SourceContinue Reading
Even as problems with Europe’s vaccine program and a slowdown in Chinese crude buying sent futures down more than 7% on Thursday, data from around the world showed a steady, albeit patchy, recovery in demand. SourceContinue Reading
Saudi-led coalition warplanes raided the Yemeni capital, Sana’a, targeting military camps and Houthi rebel facilities near the city’s airport and in its suburbs, residents and rebel-run Al-Masirah TV said. A separate strike hit a rebel target in the port province of Hodeidah. SourceContinue Reading
“All of the missiles and drones that came into Saudi are Iranian-manufactured or Iranian-supplied,” Adel Al-Jubeir, minister of state for foreign affairs, said in an interview with Arab News published Friday afternoon. “Several of them, as we’ve said, came from the north; several came from the sea.” SourceContinue Reading
Venezuelan president Nicolas Maduro is keen to enlist the world’s largest oil companies to help bring an end to U.S. sanctions – and with investment opportunities in the world’s largest oil and gas reserves as leverage, his plan appears to be working. SourceContinue Reading
Yemen’s Iran-backed Houthi rebels said Friday they attacked Saudi Aramco in the capital Riyadh using six bomb-laden drones, stepping up their offensive on Saudi Arabia’s energy and security installations. SourceContinue Reading
Siemens Energy was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression aboard an FPSO that will operate offshore South America starting in 2024. SourceContinue Reading
