Is UAE the new swing producer of crude oil in the middle east?
The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. …
Onion export down by 7% during April-August in Maharashtra; India’s exports however increase
Maharashtra the leading onion exporter has witnessed a drop of 7 per cent in export during April-August of the current financial year, while the national …
Qatar quits OPEC
Qatar will leave the Organization of Petroleum Exporting Countries (OPEC) as of next month, its energy minister told the media, adding that the decision …
Production cuts are needed to stabilise oil markets, says Russia
Russia has started to concede that it needs to join a fresh Saudi-led oil production cut, but is still bargaining with its key partner in OPEC over how much, …
Saudi Arabia to open $22.7 billion mining project; to increase non-oil GDP by 3%
Saudi Arabia’s King Salman inaugurated last week the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country’s northern …
IEA warns oil producers of bleak future
Paris-based International Energy Agency (IEA) said in a report that the world’s largest oil producing nations are under unprecedented pressure to cut their …
India’s basmati exports may rise as Saudi Arabia likely to ease residue rules
Basmati rice exports from India are expected to pick up, as key importer Saudi Arabia is set to adopt easy residue parameters to take delivery of consignments. …
Saudi Arabia to supply 4 million barrels of extra crude to India in November – reports
Saudi Arabia, the world’s biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several …
COMMENTARY – How much spare oil capacity does Saudi Arabia really have?
Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive …
United Arab Emirates (UAE) to boost oil production, if required
The UAE is planning to boost its total oil production capacity to 3.5 million barrels per day (bpd) by the end of this year, the emirates’ Energy Minister …