oil

Fire at Syrian oil refinery extinguished after leakage
Middle East

Fire at Syrian oil refinery extinguished after leakage

DAMASCUS, Syria (AP) — Firefighters extinguished a blaze Sunday in a distillation unit at one of Syria’s two oil refineries,…
Saudi oil firm Aramco’s first-quarter profits up by 30%
Middle East

Saudi oil firm Aramco’s first-quarter profits up by 30%

DUBAI, United Arab Emirates (AP) — Saudi Aramco’s profits soared by 30 percent for the first-quarter of the year, compared…
US$1 billion in new investments for Khaleda and Qarun oil fields
Business

US$1 billion in new investments for Khaleda and Qarun oil fields

Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, chaired, on Wednesday, the meeting of the general assembly of both…
Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices
Middle East

Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices

DUBAI (Reuters) – In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices.…
Iran frees South Korean ship it held amid dispute over funds
Middle East

Iran frees South Korean ship it held amid dispute over funds

DUBAI, United Arab Emirates (AP) — A South Korean oil tanker held for months by Iran amid a dispute over…
Saudi minister urges caution on oil production levels
Middle East

Saudi minister urges caution on oil production levels

FRANKFURT, Germany (AP) — Saudi Arabia’s energy minister took a cautious view of any increase in oil production as members…
Power play – India wields oil ‘weapon’ to cut dependence on Saudi
Middle East

Power play – India wields oil ‘weapon’ to cut dependence on Saudi

NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the…
Saudi-led coalition lets four fuel ships dock at Yemen’s Hodeidah port: sources
Middle East

Saudi-led coalition lets four fuel ships dock at Yemen’s Hodeidah port: sources

DUBAI (Reuters) – The Saudi-led coalition has allowed four fuel ships to dock at Yemen’s Red Sea port of Hodeidah,…
Could a 258mph electric hypercar help Dubai ditch its gas guzzlers?
Middle East

Could a 258mph electric hypercar help Dubai ditch its gas guzzlers?

According to its designers, the 1,914-horsepower Rimac C_Two hypercar will take a driver from 0 to 60 miles per hour in…
Saudi oil giant Aramco reports 30% drop in payments to state
Middle East

Saudi oil giant Aramco reports 30% drop in payments to state

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30 percent less in…
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