Articles
Prices reached a 12-week high after the Saudi Arabia and Russia-led alliance announced deeper cuts
Energy subsidies have cost the Saudi economy billions of dollars annually in lost revenue
Opec and allies led by Russia pledged to cut 2.1 million barrels per day from the global oil markets from the beginning of 2020
Dubai-based firm plans to raise $10m in Series A by March 2020
Brent surged 1.92 per cent and was trading at $64.61 per barrel at 7.17pm UAE time
State mining firm looks to restructure loans linked to huge Waad Al Shamaal phosphate complex that opened last year
Borouge is a joint venture between Abu Dhabi National Oil Company and Austria's Borealis
Offer now oversubscribed by 2.5 times as total bids reach 236 billion riyals
Sultanate's oil minister says options being considered include a private placement and a listing on an international market
Opec members are set to review compliance and their pact to curb inventories this week
Opec+ has been reducing 1.2 million bpd since the start of 2019 with the pact expected to hold until March next year
The oil giant is expected to list on Tadawul next week
The 250,000 bpd project will be one of the largest foreign direct investments in Pakistan
The company will conclude its book-building exercise for the share sale on December 4
Both national oil companies are investing in the massive greenfield refinery and chemicals complex in order to ensure security of demand
