SINGAPORE — Dozens of people have fallen sick in coastal villages in the Philippines after a major oil spill from a sunken tanker.
The MT Princess Empress was carrying 800,000 liters of industrial fuel oil when it sank off the coast of the Oriental (...)
Omair was moved to the public works ministry in a limited cabinet reshuffle following a row with top oil executives, the emir decreed on Sunday.
Finance Minister Anas Al-Saleh was appointed as acting oil minister, in decrees cited by the official (...)
OPEC oil producers and consumers to preserve the stability of oil market and prices.
The Cabinet commended the results of Arab Justice Ministers in their 31st session in Cairo under the Kingdom's chairmanship and their agreement on the need for (...)
term funding.
I would like to point out the important future role assigned to our countries and companies in the development of the energy sector and the oil industry in the Arab region. This development requires billions of dollars for funding new (...)
term business, requiring long-term plans and investment. Sudden rises or falls in the cost of oil are not welcome. It is up to all nations, producers and consumers, to work together to ensure transparency and reduce volatility. This is easier said (...)
conventional suppliers. Certainly, such claims are baseless and indicate a lack of understanding, deliberate miss-judgment, or otherwise. Saudi Arabia oil policy is predicated on mere economics, no more, no less.
Talking about energy and energy (...)
producing Arab countries should continue to play a positive role in the stabilization of the global oil market and promotion of international cooperation in this regard, and they should strive to keep oil as an essential source of energy. We and the (...)
Riyadh newspaper called for formulating long term strategies to produce experts and scholars on this important country.
On Palestine, Okaz newspaper highlighted the Palestinian leadership's decision to go to the Security Council to submit a draft (...)
term fundamentals of energy markets, and would enable the region maintain its export capability," the Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs said.
While GCC's links to the global economy have been shaped by crude (...)
month lows around $90 a barrel Thursday in Asia as Europe's debt crisis festers and China's economy continues to slow.
Benchmark oil for July delivery was up 25 cents to $90.15 a barrel at late afternoon Singapore time in electronic trading on the (...)
exporting countries particularly hard.
The recent drop in crude futures has helped to make retail gasoline cheaper in the United States. Prices have fallen by an average of 13 cents per gallon (3.8 liters) since peaking this year above $3.93 in (...)
called omega-3 fatty acids, found in oily fish like tuna and salmon, may not do much to ward off heart attacks and strokes in people who already have heart disease, according to an international analysis.
The research, which appeared in the (...)
crude, fuel and cracked oil - while gas is used in those located on the Gulf coast. The firm has 36 plants.
“Raising efficiency is a national concern,” he said and added SWCC was trying to diversify technology and use all forms of energy, including (...)
based product developed by Saudi Aramco is compatible with existing engine technology.
For R&DC, this marks the first step toward becoming a leading force in research and development of future fuels for transportation.
“As a next step, the Saudi (...)
both at home and abroad - and to broaden the range of refined goods created in the Kingdom, both for use on the domestic market and for export.
In addition to oil, there are four major gas fields under development and Saudi Arabia has also (...)
Naimi said Monday that the Kingdom's oil output has jumped to more than 10 million barrels per day, up from an estimated 8.8 million bpd in April.
“Saudi Arabia is currently producing more than 10 million bpd,” Al-Naimi said in a speech read on his (...)
Saudi Arabia was the top crude supplier to South Korea in July from a year earlier, with imports from the Kingdom rising 6.9 percent from a year earlier to 842,000 bpd, according to latest data released by the state-run Korea National Oil (...)
team playoff at 3,736 with Jett Santos, Paolo Allego and captain Marlon Heredia leading the board with their respective splurging of 743, 677 and 603 supported concretely by Joy Tan (854), Rolly Vistal (583) and Johnny Macalintal (546) on the 27th (...)
NEVER since the attack on GHQ in Rawalpindi in 2009 have the militants shown such audacity and meticulous planning as witnessed in their blitz launched on PNS Mehran in Karachi Sunday night. Its dimensions and ferocity were different from the three (...)
rich delta say they will not bomb pipelines, despite a military crackdown on militant camps.
A Niger Delta Liberation Force spokesman said in a Friday statement that they would “not let President Goodluck down by engaging in pipeline bombing” after (...)
exporting countries, particularly in the Gulf region, will continue to expand quickly, the International Monetary Fund (IMF) said Monday.
Their prospects appear even better with crude oil prices hitting their highest in more than two years at (...)
third over the next decade by relying more on natural gas and biofuels and by improving the fuel efficiency of vehicles. On the New York Mercantile Exchange (Nymex), the natural-gas contract for May delivery was up 9 cents, or more than 2 percent, (...)
month high Friday, threatened US economic gains just after the government said the US unemployment rate fell to 8.9 percent in February.
The Labor Department said the economy added 192,000 jobs last month. That suggests more people will be driving (...)
related aspects, is characterized by moderation and the endeavor to promote peace, justice, international cooperation, regional and international stability, and human prosperity, as well as the employment of all resources to achieve such (...)
year peak near $99 per barrel here Wednesday, boosted by plunging American crude reserves, and as the key Trans-Alaskan pipeline remained shut following a leak.
Brent North Sea crude for delivery in February jumped 86 cents to reach $98.47 a (...)