Saudi Arabia Issues a Call for Nations to Cut Back on Oil Production : Saudi Arabia Issues a Call for Nations to Cut Back on Oil Production In its quest to ensure some form of stability in the oil market, Saudi Arabia is contemplating cutting back on oil production and influencing other OPEC
Logistics
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Saudi Aramco Oil Company ends the Second Quarter with a Record-Breaking Profit of $48.4 Billion An oil company based in Saudi Arabia, Aramco, recently claimed the world’s profit record with a $48.4 billion profit at the end of the year’s second quarter. The government-owned company produces oil and gas in Saudi Arabia. Consequently, the company is looking […]
Largest Middle East Oil Bunkering hub suffers disruption due to extreme weather : Largest Middle East Oil Bunkering hub suffers disruption due to extreme weather Extreme weather has resulted in one of the biggest oil bunkering ports in the world being closed down suddenly. The unusually heavy rains and flash floods in UAE forced the Fujairah port […]