SINGAPORE: Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.US West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents,…
SINGAPORE: Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.US West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents,…
CERAWeek Diary: Houston buzzing ahead of ‘oil man’s Davos’ — or was it the 16-hour flight? HOUSTON: Downtown Houston was buzzing on the eve of the Texan city’s big event: The oil man’s Davos — otherwise known as CERAWeek by IHS Markit — the annual gathering of the masters of the energy universe. Nobody actually…
JEDDAH: STC Academy, the Saudi Telecom Company’s technology and leadership academy, opened in February 2018 with the aim of developing the next generation of digital leaders in the Kingdom. In an exclusive interview with Arab News, Dr. Rafat Malik, dean of STC Academy and vice president of STC, discussed the progress that the academy has…
CERAWeek Diary: Houston buzzing ahead of ‘oil man’s Davos’ — or was it the 16-hour flight? HOUSTON: Downtown Houston was buzzing on the eve of the Texan city’s big event: The oil man’s Davos — otherwise known as CERAWeek by IHS Markit — the annual gathering of the masters of the energy universe. Nobody actually…
LONDON: Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid Al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in US drilling activity.US West Texas Intermediate (WTI) crude oil futures were at $56.73 per barrel at 1320 GMT, up 66 cents, or 1.18…
CERAWeek Diary: Houston buzzing ahead of ‘oil man’s Davos’ — or was it the 16-hour flight? HOUSTON: Downtown Houston was buzzing on the eve of the Texan city’s big event: The oil man’s Davos — otherwise known as CERAWeek by IHS Markit — the annual gathering of the masters of the energy universe. Nobody actually…
CERAWeek Diary: Houston buzzing ahead of ‘oil man’s Davos’ — or was it the 16-hour flight? HOUSTON: Downtown Houston was buzzing on the eve of the Texan city’s big event: The oil man’s Davos — otherwise known as CERAWeek by IHS Markit — the annual gathering of the masters of the energy universe. Nobody actually…
CERAWeek Diary: Houston buzzing ahead of ‘oil man’s Davos’ — or was it the 16-hour flight? HOUSTON: Downtown Houston was buzzing on the eve of the Texan city’s big event: The oil man’s Davos — otherwise known as CERAWeek by IHS Markit — the annual gathering of the masters of the energy universe. Nobody actually…
HOUSTON: The US will soon be challenging to be the biggest oil exporter in the world thanks to the “remarkable strength” of its shale industry, according to the International Energy Agency’s (IEA) latest five-year forecast. By the end of the 2024, oil exports from the US will overtake Russia and “close in” on Saudi Arabia,…
HOUSTON: The US will soon be challenging to be the biggest oil exporter in the world thanks to the “remarkable strength” of its shale industry, according to the International Energy Agency’s (IEA) latest five-year forecast. By the end of the 2024, oil exports from the US will overtake Russia and “close in” on Saudi Arabia,…
LONDON: Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid Al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in US drilling activity.US West Texas Intermediate (WTI) crude oil futures were at $56.73 per barrel at 1320 GMT, up 66 cents, or 1.18…
LONDON: Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid Al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in US drilling activity.US West Texas Intermediate (WTI) crude oil futures were at $56.73 per barrel at 1320 GMT, up 66 cents, or 1.18…
TOKYO: A Tokyo court on Monday denied ousted Nissan boss Carlos Ghosn’s request to attend a board meeting this week, broadcaster NHK reported, blocking what would have been a dramatic face off with the colleagues he has accused of fomenting a coup. Ghosn, released last week on a $9 million bail after spending more than…
NEW YORK: Oil prices fell about 1 percent on Friday after disappointing US job growth revived concerns about a slowing global economy and weaker demand for oil.With surging US oil supply also unsettling markets, Brent crude futures fell 56 cents, 0.8 percent, to settle at $65.74 a barrel. The international benchmark gained 1 percent for…
NEW YORK: Oil prices fell about 1 percent on Friday after disappointing US job growth revived concerns about a slowing global economy and weaker demand for oil.With surging US oil supply also unsettling markets, Brent crude futures fell 56 cents, 0.8 percent, to settle at $65.74 a barrel. The international benchmark gained 1 percent for…
OSLO: Norway will announce on Friday whether its sovereign wealth fund, which is the world’s biggest and has been fueled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists.While the decision is said to be based solely on financial considerations and not on the environment or climate…
OSLO: Norway will announce on Friday whether its sovereign wealth fund, which is the world’s biggest and has been fueled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists.While the decision is said to be based solely on financial considerations and not on the environment or climate…
Unlikely twins and differing fortunes: Malaysia’s Petronas and Indonesia’s Pertamina JOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID.The huge complex in Malaysia’s Johor province is currently testing…
Unlikely twins and differing fortunes: Malaysia’s Petronas and Indonesia’s Pertamina JOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID.The huge complex in Malaysia’s Johor province is currently testing…
