International

Aramco Is First Oil Major to Regain Pre-Price-War Share Price

Saudi Aramco is the first major global oil producer to see its stock recover to the level it traded at before the price war between Russia and Saudi Arabia.

U.S. Shale Cuts Production Deeper And Faster Than Expected

the U.S. shale patch is reacting to the wellhead economics and is curtailing American oil production much faster and deeper than analysts initially thought.

Saudi wealth fund snaps up $7.7bn of blue-chip stocks

Investment vehicle chaired by crown prince takes advantage of knockdown share prices during pandemic

ADNOC CEO says oil markets will rebalance over time

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), says there are signs that oil markets have tightened in recent weeks and will rebalance over time.

Kuwait, Saudi Arabia to shut shared Al-Khafji field just months after restart

Kuwait and Saudi Arabia agreed to stop production from the Al-Khafji crude oil field

Russia faces challenges cutting oil output while keeping the industry alive

Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fields.

Saudi Crude Flotilla Heads for Delays Unloading in U.S. Ports

Supertankers laden with Saudi Arabian crude heading to U.S. shores are taking longer than normal to discharge as smaller ships used in the process have become hard to find.

Shell Gives Hope for Dividend Boost Once Oil Rout Is Over

Royal Dutch Shell Plc said it will be well placed to boost shareholder payouts once the oil market recovers, as it sought to appease investors after last month’s surprise dividend cut.