Asia will add the biggest amount of net refining capacity in three years in 2017, further boosting demand for oil in the world’s biggest and
Category: Geopolitics
Market Update: Getting Ready for the OPEC Output Freeze
Saudi Arabia has started informing its customers of the planned cut to their January oil supply to comply with the OPEC oil output freeze agreement.
Saudi Arabia Cuts Its Oil Price for Asia to Fight Off Competition
Saudi Arabia’s oil company Aramco cut the January price for its Arab Light crude for its Asian clients to the lowest level in four months
Agreement Reached: OPEC to Cut Its Oil Output
The Organization of the Petroleum Exporting Countries (OPEC) agreed yesterday (30 November) on its first oil production cut since 2008 after Riyadh had reached a
COP22 Conference Update: Trump’s Win Threatens Paris Agreement on Climate Change
Trump’s pre-election statements on climate change have left many worried about the future of the Paris Agreement, a global deal seeking to phase out greenhouse
Total First Western Energy Company to Strike a Deal with Iran
Total, French oil and gas giant, will be the first Western energy company to strike a deal with Iran. The company’s CEO, Patrick Pouyanné, made
4/11 Landmark Day: Paris Agreement Enters into Force Today
The Paris Agreement – a landmark global deal to fight climate change adopted on 12 December last year in Paris – is entering into force
Asian Oil Markets Rebalancing
Asian oil markets are believed to be slowly returning to balance after China’s oil production was cut and its inventories of refined products decreased. Global
Saudi Arabia Invites Russia for Talks to Intensify non-OPEC Cooperation
Saudi Arabia’s Energy Minister Khalid al-Falih said yesterday (23 October) that he had invited Russian Energy Minister Alexander Novak to meet their Gulf Arab counterparts
Run-Up to UNFCCC Conference in Morocco: Climate Change in Youth Photography Competition
The 22nd session of the Conference of the Parties (COP 22) and the 12th session of the Conference of the Parties, serving as the meeting