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Boosting its crude oil production capacity to 5 million bpd has become a key goal for the UAE, and a slew of deals in recent months confirms that the Gulf producer is looking to achieve this goal ahead of time
The refiner has deferred a 40-day maintenance shutdown of its 300,000 barrels per day Paradip refinery to August-September from April-May to gain from improved margins for oil products.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Top oil exporter Saudi Arabiamay sharply hike prices of crude for Asia in April, trade sources said on Wednesday, with differentials for most grades hitting all-time highs as global supplies tighten over financing and shipping issues from sanctions on Russia. The official selling price (OSP) for Saudi’s flagship Arab Light crude may rise to a ...
Oil benchmarks are hitting multiple prices and spread milestones across several key markets as the fallout from severe ...