News

Saudi Arabia raises crude oil prices to a four-month high as demand from China surges and domestic energy consumption peaks.
Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ ...
Current WTI oil price, market trends, production volumes, applications investment opportunities in the oil sector – all ...
Saudi Arabia raised prices for its main crude grade for buyers in Asia next month as demand for oil and fuels holds up. The ...
The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...
Khalid Salem, President, Middle East and North Africa, Mitsubishi Power, discusses the region’s energy future, emphasising ...
Arabian Gulf Business Insight on MSN12d
India’s ONGC in talks with Saudi Arabia on new refinery
India’s state-owned Oil and Natural Gas Corporation (ONGC) is reportedly in talks with Saudi Arabia to develop a greenfield refinery in Gujarat, the home state of Indian Prime Minister Narendra Modi.
Syria has shipped out its first refined oil product cargo since the fall of dictator Bashar al-Assad. Shipbroker BRS Group said the petroleum has left the country under a sanctions waiver granted by ...
ChatGPT developer OpenAI is seeking funds. It is in discussions with Saudi Arabia's PIF, India's Reliance Industries, and UAE's MGX. The company aims to secure investments to support model development ...
Budget carrier Cebu Pacific plans to launch direct flights to the largest market for overseas Filipino workers (OFWs), drawing confidence from the success of its recent expansion moves.
Saudi Aramco plans to spend $3.4 billion on its Motiva refinery in Texas, the largest fuelmaking plant in the U.S.
In an interview with Arab News, Modi emphasised the growing strategic convergence between New Delhi and Riyadh, underscoring efforts to expand cooperation in key areas such as energy security ...