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From almost the very moment in 2016 when Saudi Arabia first announced that it was to float its state-owned oil and gas behemoth, Saudi Aramco, in a dual domestic and international listing, the pool of possibilities for the foreign side of the initial public offering (IPO) has steadily reduced. This has been a result of a simple equation: the more ...

Source: Oilprice.com

Last Friday, the news out of the White House was that Trump administration was about to announce a major biofuel boost to support United States farmers. The move was to be a key development after weeks of intense debate over how to respond to harsh criticism coming from biofuels’ backers and months of bureaucratic back and forth about highly contentious ...

Source: Oilprice.com

Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) year-to-date, according to Rystad Energy’s latest global discoveries report. “The industry is well on track to repeat the feat achieved in 2018 when around 10 billion boe of recoverable resources were discovered,” says Palzor Shenga, senior analyst on Rystad Energy’s upstream team.  (Click to enlarge) ...

Source: Oilprice.com

Russian President Vladimir Putin said in remarks aired on Sunday that global oil inventories need cutting to "reasonable levels" and that Russia would work with Saudi Arabia and other partners to "reduce to zero" attempts to destabilise oil markets. Putin was speaking in an interview with Arab broadcasters including Al Arabiya TV ahead of a [Read more]

Source: BOE Report

Pakistan will do its utmost to enable talks between arch regional rivals Iran and Saudi Arabia, Pakistani Prime Minister Imran Khan said on Sunday in Tehran, adding that he will travel on to Saudi Arabia on Tuesday. "Pakistan does not want conflict between Iran and Saudi Arabia…I am happy to facilitate talks between Tehran and [Read more]

Source: BOE Report

Russian President Vladimir Putin said any new constitution that is drawn up for Syria should guarantee the rights of all ethnic and religions groups. Putin was speaking in an interview with Arab broadcasters, including Saudi-owned Al Arabiya TV, on his first visit to Saudi Arabia in over a decade. He said that Syrians "interact positively" [Read more]

Source: BOE Report

Russian President Vladimir Putin said Russia can play a key role in the Middle East as it has good relations with Iran and the Arab world, he told Saudi-owned Al Arabiya TV in an interview broadcast on Sunday. On his first visit to Saudi Arabia in more than a decade, Putin said nobody in Saudi [Read more]

Source: BOE Report

Russian President Vladimir Putin said on Sunday global oil inventories need cutting to "reasonable levels" and that attacks in recent months on tankers in the Gulf and Saudi oil facilities will strengthen cooperation between OPEC, Russia and other oil producers. On his first visit to Saudi Arabia in more than a decade, Putin said Russia [Read more]

Source: BOE Report

All Bay Area Customers Restored Remaining 2,500 Customers Expected to be Restored Today SAN FRANCISCO–(BUSINESS WIRE)–Pacific Gas and Electric Company (PG&E) said Saturday that more than 99.5 percent of customers impacted by the Public Safety Power Shutoff (PSPS) that began on Wednesday now have their power restored. Less than 2,500 customers remain without power due [Read more]

Source: BOE Report

Climate has inarguably become a hot topic of discussion in developed economies over the last decade, and it is getting hotter by the day as study after study warn we are close to doomed if we don’t change our ways urgently. Yet climate on Earth is not the only problem that humankind faces. There is another climate we need to ...

Source: Oilprice.com