Saudi 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.
Industry
Qatar accumulates two per cent stake in Total
Qatar has built up a two per cent stake in Frances oil giant Total since last summer, reported newspaper Les Echos.
IEA sees oil markets tightening
In 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".
ENOC opens lubricants and grease plant in Fujairah
Emirates National Oil Company (ENOC) opened its advanced lubricants and grease manufacturing plant in the Fujairah Port.
Expro secures multiple contracts in Iraq
Expro has won three further contracts in central and southern Iraq that helps cement the companys position in providing well flow management in Iraq.
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