Crude oil shipments through the marine terminal of the Russian unit of the Caspian Pipeline Consortium (CPC-R) moved up by 2.9% year-on-year to 60.73 mln tonnes in 2021, the pipeline operator reported on Monday.
Saudi Arabian stocks traded in green territory for the second consecutive day, even as investors’ worries over the spread of omicron heightened.
To dispose of used cooking oil, pour it in old clothes for absorption and throw ..
The Kingdom’s stock exchange made a positive start to the trading week on Sunday despite a surge in coronavirus cases globally.
Saudi Arabia’s major players including Aramco and Saudi Basic Industries Corp., or SABIC, are expected to see a significant profit jump in the fourth quarter of 2021, compared to the same period a year earlier when the pandemic hit, Argaam reported, citing a report by Al Rajhi Capital.
Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east.
Saudi Arabia’s Advanced Petrochemical Co. registered its highest-ever estimated annual profit since its incorporation in 2021, amid higher polypropylene sales.
Oil prices rose and were heading for their biggest weekly gains since mid-December on Friday as unrest in Kazakhstan and outages in Libya spurred concerns over supply.
Saudi Arabia has become one of the most attractive markets for international companies seeking new mergers and acquisitions, and it is set to maintain its position in 2022.
Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition and beyond.