DUBAI, Nov 16 Saudi Arabia is defying U.S. calls
to mend ties with Qatar despite signs that pressure to end
another regional crisis, the Yemen war, has had an impact on
Riyadh since the killing of a prominent journalist.
ABU DHABI When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.
DUBAI Saudi Aramco has approached banks to finance its $5 billion Amiral petrochemical project that the state-owned oil producer plans to develop with France's Total, five sources familiar with the matter said.
DUBAI/LONDON OPEC and its partners are discussing a proposal to cut oil output by 1.4 million barrels per day (bpd), three sources familiar with the issue said, although Russia may not be on board for such a large reduction.
ABU DHABI Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas, ADNOC's CEO told Reuters.
NEW DELHI/DUBAI Abu Dhabi National Oil Co. (ADNOC) has signed a preliminary agreement to use half of the Padur strategic reserve facility in Southern India, which can store about 2.5 million tonnes or 18 million barrels of crude, the UAE firm said on Monday.
NEW DELHI/DUBAI, Nov 12 Abu Dhabi National Oil
Co. (ADNOC) has signed a preliminary agreement to use half of
the Padur strategic reserve facility in Southern India, which
can store about 2.5 million tonnes or 18 million barrels of
crude, the UAE firm said on Monday.
NEW DELHI/DUBAI, Nov 12 India plans to lease out
half of its Padur strategic oil reserve site in southern India
to Abu Dhabi National Oil Co. (ADNOC) for storing crude, sources
ABU DHABI Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut.
BEIJING/DUBAI China's state-run Zhenhua Oil is set to sign a head of agreement that includes a proposed joint-venture with Iraq's state oil marketer SOMO and for 2019 annual crude oil supply in Shanghai next week, two industry officials with direct knowledge of the matter told Reuters.