International

Saudi crown prince calls for global collaboration to unlock benefits of AI for all

As the world faces unprecedented challenges as a result of the COVID-19 pandemic, this year offers the perfect opportunity to test the potential of artificial intelligence, according to Saudi Arabia’s Crown Prince Mohammed bin Salman.

Israel and UAE Open Talks Over Top-Secret Oil Pipeline

Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.

TOTAL Delivers Its First Carbon Neutral LNG Cargo

Total has delivered its first shipment of carbon neutral liquefied natural gas (LNG) to the Chinese National Offshore Oil Corporation (CNOOC).

ConocoPhillips to buy Concho Resources for $9.7 billion in 2020 top shale deal

ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources Inc for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand.

Oil prices decline after China economic data disappoints

Oil prices fell on Monday after reports that China’s third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world’s largest oil importer.

OPEC+ Faces Growing Pressure to Change Course as Ministers Meet

When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets

Turkey lifts Black Sea gas field estimate after new find: Erdogan

(Reuters) - Turkey has raised the estimated reserves in a gas field off its Black Sea coast to 405 billion cubic metres after finding an additional 85 billion cubic metres, President Tayyip Erdogan said on Saturday.

OPEC+ fears second virus wave could lead to oil surplus in 2021

OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago.