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Oil and Gas Storage Service Market Revenue Will Reach $XX Billion By 2022, Says Esticast Research and Consulting

December 15, 2017 No Comments

As per the report”Oil and Gas Storage Service Market By Product Type (Storage, Ancillary), By End-use application (Storage, Ancillary), Estimation & Forecast, 2017 – 2024″ ,the global oil and gas storage service market was valued at $XX billion in 2016, and is projected to reach $XX billion by 2022, growing at a CAGR of 2.6% […]

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Saudi Arabia Raises Crude Oil Prices To Asia

Saudi Arabia Raises Crude Oil Prices To Asia

December 6, 2017 No Comments

On the back of a stronger Dubai benchmark and solid demand in Asia, Saudi Arabia has raised the official selling prices (OSPs) of all its crude grades to Asia for January, generally in line with traders’ expectations. OPEC’s largest producer and exporter has lifted the price of its flagship Arab Light crude grade for Asian […]

OPEC Will Extend The Cut

OPEC Will Extend The Cut

November 28, 2017 No Comments

There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause oil prices to plummet immediately, forfeiting any gains that have been made in the […]

QTerminals’ Board Appoints Neville Bissett as CEO

QTerminals’ Board Appoints Neville Bissett as CEO

November 13, 2017 No Comments

The Board of Directors of QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, has appointed Neville Bissett as the company’s first Chief Executive Officer. QTerminals was established as a jointly-owned entity by Qatar Ports Management Company (Mwani Qatar) and Qatar Navigation (Milaha), with the former owning 51% and the latter […]

IMF Managing Director on conclusion of visit to Saudi Arabia

IMF Managing Director on conclusion of visit to Saudi Arabia

October 27, 2017 No Comments

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of a visit to Riyadh, Saudi Arabia: “It has been a great pleasure to visit Riyadh, Saudi Arabia, where I had the privilege of meeting His Royal Highness Crown Prince Mohammed bin Salman. We discussed the economic […]

ENERGY HEADLINES THIS WEEK

ENERGY HEADLINES THIS WEEK

September 22, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $54.59 a barrel on Thursday, 21 September 2017, compared with $54.06 the previous day, according to OPEC Secretariat calculations. —————- Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings […]

OPEC Is 57

OPEC Is 57

September 18, 2017 No Comments

The Fourteenth of September is always a special day for OPEC. It is the day in 1960 when the five Founding Members of OPEC, Iraq, the Islamic Republic of Iran, Kuwait, Saudi Arabia and Venezuela created OPEC at the historic ‘Baghdad Conference’. Today is the Organization’s 57th anniversary. These five Founding Members representing their oil-producing […]

Russia Still China’s No.1 Crude Supplier

Russia Still China’s No.1 Crude Supplier

August 24, 2017 No Comments

Russia continued to be China’s biggest crude oil supplier in July for a fifth consecutive month, while Chinese refineries have been taking in more Brent-price-linked West African crude at the expense of sour Middle Eastern varieties as OPEC’s cuts led to narrower price differentials making African oil more attractive for buyers. China’s crude oil imports […]

Shell completes SADAF chemicals sale to SABIC for $820mn

Shell completes SADAF chemicals sale to SABIC for $820mn

August 16, 2017 No Comments

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia. […]

This Oil Price Rally Has Reached Its Limit

This Oil Price Rally Has Reached Its Limit

August 2, 2017 No Comments

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result […]

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