Corporations
Libya NOC Calls for Demilitarization of Oil Installations

The “National Oil Corporation” in Libya appealed to all the conflicting parties calling on them to “demilitarize the oil facilities” so that their workers can carry out their...

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23rd World Petroleum Congress in HOUSTON

The 23rd Petroleum conference will be held in Houston, Texas, in the United States of America from 6 to 10 December 2020. About 10,000 participants will attend, including about 50 ministers and 500...

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Emirati Dana Gas Seeks to Sell Its Assets in Egypt to Pay off the Sukuk

The UAE Company, Dana Gas, plans to use the revenues from its assets in Egypt that it is trying to sell to pay its Sukuk. These are the assets that are located on the shore in the Nile Delta without...

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The International Energy Agency: Clean Energy is more elastic in facing Covid-19 virus compared to fossil fuels

The International Energy Agency believes that renewable energy will be the single most elastic source in the face of the biggest shock to the global energy sector in 70 years due to the Covid-19,...

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Oman towards reducing its oil production to comply with OPEC+ agreement

Oman is heading to reduce oil production from its six largest blocks of production by 23% from the levels of the basic production line, as it produced 883,000 barrels per day in October 2018, to...

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G20 leaders pledge to support developing countries against the Corona pandemic

At the end of an emergency summit held via video, G20 leaders pledged to pump 5 trillion dollars into the global economy, to face the effects of the Corona “Covid-19” pandemic, and to...

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IEA experts discuss improving energy efficiency in response to the Covid-19 crisis

The International Energy Agency (IEA) on Tuesday, April 21, 2020 coordinated a meeting of the Global Committee for Urgent Action on Energy Efficiency to discuss the vital role which can play in...

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The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets

The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...

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Saudi Arabia cuts its production to 8.5 million barrels per day in May 2020

A few days ago, Saudi Aramco sources said that they would cut production to 8.5 million barrels per day during May 2020, as part of OPEC+ agreement with Russia and other major oil producers.  Under...

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After a historic decline .. US oil price is back to rise above the zero level ($ 0)

The price of US oil, WTI, rose again above zero on Tuesday, April 21, 2020, after falling to zero for the first time, due to lower demand on global energy markets, where demand fell by about a third,...

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