India will continue buying Russian oil because it benefits the country, Reuters reported India’s foreign minister as saying after meeting his Russian counterpart for the fifth time this year on Tuesday, adding that the two countries were expanding their trade ties. Subrahmanyam Jaishankar is visiting Moscow for the first time since the Russia-Ukraine war began […]
Markets
Posted inMarkets
What happened to output cuts? OPEC ends up boosting crude production, survey shows
Even though OPEC+ had pledged to cut output by 100,000 b/d in October, the alliance hiked production by 220,000 b/d instead, as several members recovered lost barrels by outages and maintenance, a survey by S&P Global Commodity Insights reported. Sharp production increases from Kazakhstan, Russia and Iraq were offset by losses in Saudi Arabia and […]
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Russia threatens to halt energy supplies to Europe as energy crisis deepens
Putin’s comments follow G7’s plans to impose a price cap on Russian oil exports last week
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How is healthcare tackling the cybersecurity challenge?
Healthcare companies investing in technology must be cautious of how automation can be misused and should have systems in place to prevent cyber attacks
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Energy roundup: Britain to face shocking rise in energy bills; Middle East E&P momentum continues
As Britons prepare to face record-high energy costs, the E&P sector in the MENA region saw some interesting developments this past week
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Oil market volatility could force OPEC production cuts, Saudi Energy Minister says
The paper oil market has fallen into a “self-perpetuating vicious circle” of extreme volatility, Saudi Energy Minister Prince Abdulaziz bin Salman said
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Oil prices fall on economic slowdown, more supply
The market is faced with the prospect of rising supply as demand moderates
Posted inDownstream, Markets
Analysis: At the heart of Saudi Arabia’s oil and gas sector
An overview of achievements, challenges – and the future outlook for the energy industry in KSA