At year end, balances of cash, cash equivalents, time deposits and marketable securities totalled $11.3bn, a decrease of $1.9bn from the end of 2014
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Five Minutes With: Pranav, Kapoor, SPX Flow
We delve below the corporate strategy to understand what really makes the industry’s leaders tick
Analysis: Taking the long-term view?
The GCC is set to add an extra 830,000 barrels per day of new refining capacity by 2020. But is now the best time?
Halliburton suffers to $666mn net loss in 2015
Halliburton said in October it had cut about 18,000 jobs, or 21% of its workforce, since the downturn began
Rising deficits to impact Gulf oil sector in 2016
Constrained government budgets are poised to have the largest impact on the region’s energy industry, finds survey
Qatar raises local gasoline price by 30%
The Qatari government said last month that it expected a budget deficit of $12.8bn in 2016, its first deficit in 15 years
Aramco likely to float refining shares: Survey
About 33% of respondents to a Gulf Intelligence industry survey of about 250 energy industry professionals said Saudi Arabia’s potential initial public offering this year suggests the oil giant wants to divest its refining assets
Saudi Arabia keeps Feb crude supply to Asia steady
The move was expected as the OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009
Saudi Aramco raises February crude prices to Asia
The world’s largest oil producer raised its February price for Arab Light grade for Asian customers by $0.60 versus January to a discount of $0.80 a barrel to the Oman/Dubai average
OPEC December oil output slips, still near record
OPEC supply fell in December to 31.62mn bpd from 31.79mn bpd in November