International

Oman could see a record budget surplus in 2022 as oil prices surge

Crude oil prices peaked at $130 per barrel last week as Russian troops keep pounding Ukraine and turn a blind eye to the international community plea to stop the invasion

Enel ready to resume LNG plan as Italy steps up gas hunt

Italian biggest utility Enel is ready to dust off plans to build a liquefied natural gas (LNG) terminal in southern Italy as Rome steps up its efforts to find alternative supplies to replace Russian gas

TotalEnergies stays put in Russia, but no capital for new projects

TotalEnergies condemned what it called Moscow military aggression in Ukraine but stopped short on Tuesday of joining rivals Shell and BP in planning

Shell pulls out of energy investments in Russia over war

Shell says it is pulling out of Russia as President Vladimir Putin invasion of Ukraine costs the country all-important energy industry foreign investment and expertise

BP quits Russia in up to $25 billion hit after Ukraine invasion

BP is offloading its 20% stake in Russian oil giant Rosneft due to the crisis in Ukraine

Arab oil producers say OPEC+ should stick to current output agreement

OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday as they gathered in Saudi Arabia, rejecting calls to pump more to ease pressure on prices.

Aramco chairman to launch International Petroleum Technology Conference

Aramco chairman Yasir Al-Rumayyan will deliver the opening remarks at the International Petroleum Technology Conference set to be held in Riyadh from Feb. 21-23

Saudi Arabia gives 4% of Aramco worth $80B to fund

Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy