Oil and Gas - Global Business Magazine

Analysis: Oil’s journey from worthless in the pandemic to $100 a barrel

Global Business Magazine February 24, 2022

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared Read More

Energy Featured Oil & Gas Regional

UAE Likely To Ramp Up Oil Production in 2022

Global Business Magazine February 21, 2022

The UAE has significant capacity to ramp up oil production from current levels (2.9 Million Barrels Per Day (MBPD) at the end of Read More

Energy News Oil & Gas World

Oil rises as tight market looks to Russian-Western diplomacy

Global Business Magazine February 21, 2022

Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that Read More

Energy News Oil & Gas World

Oil slides 2% as Iran talks offset Ukraine crisis

Global Business Magazine February 18, 2022

Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages and could unlock Read More

Energy News Oil & Gas Regional

IEA’s Birol again urges OPEC+ to narrow gap between oil targets and output

Global Business Magazine February 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil Read More

Business Economy News Oil & Gas Regional

Saudi non-oil private sector January growth slows amid Omicron surge – PMI

Global Business Magazine February 3, 2022

Growth in Saudi Arabia's non-oil private economy slipped again in January, falling to its slowest expansion rate since September amid a sharp Read More

Business News Oil & Gas World

Saudi Aramco buys 7.4% stake in Norwegian software firm Cognite

Global Business Magazine February 2, 2022

Saudi Aramco (2222.SE) has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP (AKRBP.OL), Cognite said Read More

Business Economy News Oil & Gas World

Oil forward curves signal tight market, supporting price rally

Global Business Magazine January 31, 2022

The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has Read More

Business News Oil & Gas Regional

EXCLUSIVE Qatar could reroute some gas to Europe with U.S. mediation – source

Global Business Magazine January 27, 2022

Qatar will need help from the United States to persuade Doha's natural gas buyers to reroute some supplies to Europe in case Read More

Business News Oil & Gas Regional

Oil rises on elevated geopolitical risks in Europe and Middle East

Global Business Magazine January 24, 2022

Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, Read More

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