OPEC+ finalises unprecedented deal, compromises on Mexico

OPEC+ agreed to the largest production cut in history, following four days of talks and U.S. pressure to close the deal despite a...

Mexico holds back historic OPEC+ production-cut deal

Mexico disagrees with the amount of oil production cut it's required to deliver for an unprecedented OPEC+ deal to go through to...

Abu Dhabi’s SAFEEN acquires large bulk carrier

SAFEEN, Abu Dhabi Ports’ maritime service arm, has announced a successful acquisition of a Post Panamax bulk carrier, making it...

Oil edges up ahead of OPEC++ meeting on hopes of output cuts

Oil prices inch up as anticipation grows that an unprecedented deal between top world producers to pull back output is on the...

SDX Energy makes commercial discovery at Egypt’s Sobhi well

SDX Energy, the MENA-focused oil and gas company, said its Egypt Sobhi well in the South Disouq exploration permit onshore Nile...

Petrofac to cut cost, conserve cash in COVID-19 response

Petrofac will reduce cost by US$100 million this year and by up to $200 million in 2021 amidst an unprecedented market disruption...

Saudi Arabia to delay May crude prices until after OPEC+ meeting

Saudi Arabia will delay announcing its crude official selling prices for May until after a meeting between OPEC and its allies...

Saudi proposal for emergency OPEC+ meeting gets backing

UAE announced its support for the Saudi Arabian proposal to hold an emergency OPEC+ meeting aimed at discussing production...

OPEC+ meeting delayed, oil rally tempered

Oil prices surged on Friday on hopes that U.S, Russia and Saudi Arabia would agree on productions cuts, while an OPEC+ meeting is...

ADNOC to continue UAE investments for value, growth

ADNOC said it will continue to invest responsibly to deliver on its 2030 smart growth strategy during this complex and challenging...