Saudi Aramco reveals new oil and gas discoveries

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Saudi Arabia’s state oil company, Aramco has discovered two new oil and gas fields in the northern part of the country, the Saudi Press Agency reported, citing Energy Minister Abdulaziz bin Salman. The fields’ reserves have yet to be established accurately but they are both already producing gas, condensates, and oil. One of the fields, Hadabat […]

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Oil market’s recovery from covid will be long and hard: Moody’s

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Oil market’s covid-induced disruption in the first half of this year will unsettle long-term energy consumption patterns in developed markets and heighten oil and gas price volatility, according to Moody’s. It expects growth will slow for the industry, which now faces more uncertainty about future demand. “We expect an uneven, extended recovery that depends on a […]

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