UAE and Saudi Arabia Can Contribute More to Oil Production

It was evaluated by Brett McGurk, the White House Middle East coordinator, who shared with think tank experts, that the United Arab Emirates and Saudi Arabia could further increase their oil production.

He further stated that after the initial steps that were taken a few weeks ago by th...

ONGC'S SHARE IN INDIA'S OIL AND GAS PRODUCTION JUMPS TO 70 PERCENT

HIGHLIGHTS

• In past ten years, ONGC's share in India's Oil & Gas production has jumped to 70%.
• Gas output from the block is expected to be profitable for ONGC.
• India is going to start a new pricing regime from 1 APR 2021.
...

SURVEY STATES 6 PERCENT FALL IN INDIA'S OIL PRODUCTION

HIGHLIGHTS

• Coal and Crude Oil have maximum share in the Indian energy consumption.
• Production of petro products/refinery products fall by 13.5% during APR-DEC FY21.
• Oil production reduced in India due to pandemic caused by coronavirus.
...

CRUDE OIL STORAGE: A JACKPOT HITTING BUSINESS TODAY

Highlights:

• Crude oil is more than in abundance today
• With pandemic shutting down economies and travel, there is an urgent need for storage
• Oil tankers and crude oil storage firms are enjoying one of the best periods in their businesses  

ARAMCO WILL PROVIDE SAUDI ARABIA WITH 12.3 MILLION BPD

Highlights: 

• Saudi Arabia will procure more oil from Aramco 
• Aramco will overshoot its production capacity to meet the oil demand 

The ugly fallout between Saudi Arabia and Russia seems to be turning nasty. With Saudi Arabia promising ...

RUSSIA-SAUDI ARABIA OIL PRICE WAR MAY BANKRUPT THE US SHALE INDUSTRY

Highlights: 

• Saudi Arabia and Russia: oil production cut fall out
• Saudi Arabia sells oil cheaper to Asian and other countries 
• US shale market plummets 
• Shockwaves in the shale industry. 

A l...

Saudis Looking to Cut Global Oil Supply as Coronavirus [COVID-19] Threatens Demand:

According to sources the Saudis, in recent years, have always strived to maintain the oil prices above $60. With this year oil prices reducing by $11 a barrel and getting dragged down to $54/Barrell, it has alarmed most of the oil dependent economies. Now with the spread of Coronavirus [COVID-19]...

Profitable IPO Saudi Aramco falls 1.7%

The world’s most profitable company fell 1.7% Sunday, the most in more than two weeks. As the U.S. air strike on Iran’s most prominent general last week triggered new concern of a wider conflict in the Gulf region. 

According to Bloomberg report, Saudi Aramco company&rs...

India requests to cut down oil production costs

India requested for a discount in official selling price and extension of credit amount from existing 30 days to 90 days from bill of wares, among others

Opec accounts for 18% of India’s petroleum imports. Any production cut by the Organization of Petroleum-Exporting Countries cou...

MediPharm Labs Enlarging Legal Team Enhancing Cannabis proficiency, participating at coming Conference

MediPharm Labs, an international frontrunner in dedicated extraction of cannabis, its distillation and purification, and cannabinoid isolation, is proud to publicize that is has extended its legal team with the recruitment of Daniel Overall (B. Comm, JD) as the Legal Director. Moreover, the Compa...