Middle East

Kuwait Petroleum Plans $2.6 Billion Loan For LNG Terminal

A Kuwait Petroleum Corp.-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a LNG import terminal, banking sources said on May 23.

May 23 2018 - 10:20am

BP Invests In Israeli Fast-Charge Battery Company

The investment, BP Ventures said, is part of a push to tap into the growth in electric vehicle technologies and infrastructure.

May 22 2018 - 9:50am

Saudi Arabia Assures On Supply As Oil Hits $80

Falih also said he had reassured the executive director of the IEA of "commitment to the stability of oil markets and the global economy" and that he would contact others.

May 18 2018 - 8:00am

US Shale Producers Will Not Offset Iran Supply Drop, Mark Papa Says

U.S. shale producers are not likely to act to fill that void should Iranian exports slip, said Mark Papa, CEO of Centennial Resource Development Inc.

May 9 2018 - 3:35pm

Audit Finds Aramco Oil Reserves Slightly Higher Than Reported

An audit of Saudi Aramco's oil reserves—an essential part of the preparatory work for its planned initial public offering—has found the state oil giant to have higher reserves than it previously reported, sources familiar with the matter told Reuters.

Apr 29 2018 - 6:57am

Saudi Aramco Appoints First Woman To Board Of Directors

Saudi Aramco said on April 29 it has appointed new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives.

Apr 29 2018 - 6:31am

Oil Recoups Some Syria-Related Losses; Focus Switches To Iran

Oil recovered some ground on April 16, but prices were still down on the day as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

Apr 16 2018 - 11:30am

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance

Asked about the objective of the alliance, UAE's energy minister said the aim was to build on progress made since the oil cut deal began on sharing information and building trust.

Apr 12 2018 - 7:35am

Saudi Arabia Happy With Oil Market; Won't Let Another Glut Form

Remarks by Saudi Arabia Energy Minister Khalid al-Falih suggest big changes in the supply cut agreement between OPEC, Russia and several other non-OPEC producers look unlikely for now.

Apr 11 2018 - 8:15am

ExxonMobil, Qatar Reportedly In Talks For Potential US Shale Deal

The deal could take the shape of a joint venture in which Qatar could partner or invest in future wells with ExxonMobil's unit XTO Energy, the Wall Street Journal said.

Apr 10 2018 - 7:40am