Saudi Aramco and Sinopec sign co-operation deal

Khalid_Al-FalihSaud Aramco and China Petroleum and Chemical Corp (Sinopec) have signed a preliminary agreement to cooperate in a wide range of areas, including oil exploration and development, refining and petrochemicals.

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Saudi looks to ease global oil price fears

Saudi_oil_1Saudi Arabia is expanding its crude oil production and increasing its exports to the US in an attempt to ease fears that the global oil market is overheating.

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Qatar accumulates two per cent stake in Total

Total_QatarQatar has built up a two per cent stake in France's oil giant Total since last summer, reported newspaper Les Echos.

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IEA sees oil markets tightening

IEA_uncertaintyIn its latest monthly oil market report, the International Energy Agency (IEA) stated that oil markets are in for a "bumpy ride in the months ahead".

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ENOC opens lubricants and grease plant in Fujairah

ENOC_FujairahEmirates National Oil Company (ENOC) opened its advanced lubricants and grease manufacturing plant in the Fujairah Port.

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