Edition:
United States

Rania El Gamal

Saudi Arabia defies US pressure to end Qatar row after Khashoggi killing

Nov 16 2018

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.

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

Nov 15 2018

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.

Saudi Aramco taps banks for $5 billion petrochemical project finance: sources

Nov 15 2018

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.

Worried by oil slump, OPEC and partners discuss larger supply curbs: sources

Nov 14 2018

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.

UAE's ADNOC wants to rival oil majors as it expands in refining, gas

Nov 14 2018

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.

India signs initial pact to lease half of Padur storage to ADNOC

Nov 12 2018

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.

UPDATE 1-India signs initial pact to lease half of Padur storage to ADNOC

Nov 12 2018

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.

India to lease out half of Padur strategic oil storage to ADNOC - sources

Nov 11 2018

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 said.

Saudi Arabia to ship less oil in December as it floats cut talks possibility

Nov 11 2018

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.

China's Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: sources

Nov 03 2018

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.

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