Saudi Arabia Raises Official Oil Prices for Asian Customers, Surprising Traders and Prompting Price Forecasts
In a surprising move following the decision by OPEC+ to cut daily output by over 1 million barrels, Saudi Arabia has increased its official selling prices for all its oil sales to Asian customers in May. State-owned Saudi Aramco raised the price of its flagship Arab Light crude to Asia by 30 cents per barrel, […]
Brazil president strengthens ties with UAE leader following China visit
Brazilian President Luiz Inacio Lula da Silva continued his diplomatic tour by meeting with the leader of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, on Saturday. The meeting took place shortly after Lula’s two-day visit to China. Upon his arrival at the presidential palace in Abu Dhabi, Lula was welcomed by a […]
The Role of Oil and Gas Refining in a Post-Pandemic World
The COVID-19 pandemic has had a profound impact on the global economy, and the oil and gas refining industry is no exception. As the world begins to emerge from the pandemic, many are wondering what the role of oil and gas refining will be in a post-pandemic world. One thing is clear: the demand for […]