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Saudi crude oil reserves up at 268.5bn barrelsSaudi Arabia has announced a rise in its crude oil reserves following an independent audited that was started as part of preparations for the initial public offering of Saudi Aramco. The Saudi Energy Ministry K More… |
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Global crude steel production up 5.8pc in JuneCrude steel production in 64 countries reporting to the World Steel Association (worldsteel) reached 151.4 million tonnes (mt) in June 2018, a 5.8 per cent increase compared to June 2017, according to the association. Crude steel More… |
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Japan imports 19m barrels of crude from UAE in MayJapan imported 19.149 million barrels of crude oil from the UAE in May 2018, Wam news agency said quoting data released by the Agency of Energy and Natural Resource in Tokyo. This accounts for 20.7 per cent of More… |
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Oil down as Opec's bearish spin raises supply worriesThe crude oil prices closed lower on Friday with futures falling 0.3 per cent in New York as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela, said a report. Oil ministers from More… |
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Adnoc loads first crude cargo for India oil reserveThe historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is th More… |
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Adnoc loads first crude cargo for India oil reserveThe historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is th More… |
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Saudi Arabia witnessing 'major economic transformation'Saudi Arabia is witnessing a 'major economic transformation, said senior delegates at the 13th edition of Euromoney Saudi Arabia Conference which opened in capital Riyadh. More than 1,700 delegates and scores of influential speakers More… |
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Kuwait oil price down 3 cents to $64.72The price of Kuwaiti oil went down three cents to reach $64.72 per barrel on Friday after it was at $64.75 per barrel the day before, the Kuwait Petroleum Corporation said on Saturday. According to the More… |
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Fujairah oil product stocks dropThe total oil product stocks in the Port of Fujairah stood at 15.962 million barrels as of Monday, slipping 4.5 percent on the week as stocks of middle distillates fell by more than a quarter, according to latest data from the Fujairah Energy More… |
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Kuwaiti oil price down 28 centsThe price of Kuwaiti crude oil went down 28 cents and settled at $59.81 per barrel, compared to $60.09 per barrel since last Thursday, said Kuwait Petroleum Corporation, KPC, on Saturday. According to More… |
