Page 2 - Arab Medium News Today

Abu Dhabi-based National Petroleum Construction Company (NPCC) has secured a $1.3 billion contract from Saudi oil giant Aramco for two projects linked to fabrication and installation of 9 structural jackets as well as the delivery of 8 subsea pipelines.

Crude prices have continued to see support from ongoing tensions in the Middle East, and despite a reversal in crude prices, the overall supply picture remains tight

India’s oil imports from Riyadh in September were at around 556,185 bpd, down nearly a third from August volumes. Between January 2022 and August 2023, the import volumes averaged at over 750,000 bpd.

Surprisingly, the anticipated OSP increase for Saudi crude to Asia didn’t materialize, with Saudi Arabia becoming more cautious not to destroy demand in its key market

India, the worlds third biggest oil importer and consumer, also raised imports from Iraq while taking less Saudi oil, the data showed.

Cheaper Russian crude compared to Middle Eastern alternatives has prompted Indian refiners to import more crude from Russia in September compared to a seven-month low in August

Saudi Arabia’s production cuts are gradually moving into their third month of existence, creating a level of backwardation that the oil markets hasnt seen in a long time

SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may raise its price for Arab Light crude for sale to...

Saudi Arabia, the world’s biggest oil exporter, may raise its price for Arab Light crude for sale to Asian refiners for a third month as its voluntary output cuts may be extended, further tightening the supply of high-sulphur, or sour, crude.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.