By Clara Denina , Sinead Cruise, Rania El Gamal and Simon Jessop
DUBAI A drone attack launched by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said.
DUBAI/MUMBAI Saudi Aramco is planning a multibillion dollar investment in India's Reliance Industries as the energy giant diversifies its oil business, where weaker prices cut its first-half profit by 12%. | Video
DUBAI, Aug 12 Saudi Aramco is planning a
blockbuster investment in Reliance Industries, the
Indian firm announced on Monday, as the energy giant diversifies
its business, where weaker oil prices pared its first-half
profit by 12%.
DUBAI, Aug 8 Saudi Arabia plans to keep its
crude oil exports below 7 million barrels per day in August and
September despite strong demand from customers, to help drain
global oil inventories and bring the market back to balance, a
Saudi oil official said.
DUBAI Abu Dhabi National Oil Co (ADNOC) said on Wednesday it will acquire a stake in VTTI, a Vitol-backed global energy storage company, as part of the state-run UAE energy firm's transformation drive and its expansion into oil trading.
DUBAI When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi.
LONDON/DUBAI OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions.