November 16, 2019

Oil company announces arrival of a petrol shipment to Hodeidah...

SANA'A, Nov. 15 (Saba) - The Yemeni Oil Company announced on Thursday the arrival of a shipment of gasoline to the port of Hodeidah.

The ship (Carpe Diem) loaded with the amount of 19 thousand and 718 tons"...

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November 14, 2019

Two oil ships carrying diesel arrive at Hodeidah port

SANAA, Nov. 13 (Saba) - The Yemeni Petroleum Company (YPC) on Tuesday announced the arrival of two oil tankers carrying 59,499 tons of diesel at the port of Hodeidah after they were detained by Saudi-led aggression coalition for 33 days and 23 days.

'The"...

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November 13, 2019

ExxonMobil says it invested US$6.5 billion in Upper Zakum...

ABU DHABI, 12th November, 2019 (WAM) -- ExxonMobil has invested around US$6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2006, according to Christian G. Lenoble, President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc.

'Upper"...

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November 6, 2019

OPEC chief says oil market may have upside potential in...

VIENNA: The oil market outlook for next year may have upside potential, the secretary-general of producer group OPEC said on Tuesday, appearing to downplay any need to cut output more deeply.

The Organization"...

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November 6, 2019

cippe2020 -- The Springboard to China’s Petroleum...

The 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) will be held at the New China International Exhibition Center in Beijing on March 26-28, 2020. Featuring 1,800 exhibitors, 120,000 professional visitors from 65 countries and regions,"...

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October 31, 2019

UAE supports Yemeni electricity sector with 4th oil shipmen...

A UAE ship carrying oil derivatives has docked at the port of Mukalla as part of the country's efforts to support the electricity sector in the Governorate of Hadramaut in Yemen.

Mohammed Al Amoudi, Under-Secretary"...

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October 30, 2019

Oil prices slip ahead of US stockpile numbers

TOKYO: Oil prices slipped on Tuesday as investors awaited US crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing.
Brent futures were down 6 cents at $61.51"...

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October 29, 2019

Parliament completes review of Oil, Development Committee's...

SANAA, Oct. 28 (Saba) - The Parliament in its meeting Sunday, chaired by Deputy Speaker Abdulsalam Zabiya, completed the review of the Development, Oil and Mineral Resources Committee’s report on results of its follow-up to the crisis of oil derivatives and domestic gas.

The"...

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October 22, 2019

Oil prices steady as investors weigh demand concerns

SINGAPORE: Oil prices largely held steady on Monday, recouping some early losses as investors took stock of global economic pressures that could impact oil demand.
Global benchmark Brent crude oil futures were down 1 cent to $59.41 a barrel by 0648 GMT.
US West Texas Intermediate"...

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October 22, 2019

Acwa Power to finalise funding on $11.5bn Saudi gasification...

Acwa Power will reach financial close on an $11.5 billion gasification project being developed with Saudi Aramco and Air Products by the close of the year, according to its chief executive.

The utilities company"...

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