Kuwait’s KPC Signs $16 Billion Lease and Leaseback Deal for Oil Pipeline Network
Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global…
Tag: Oil
Saudi Aramco Reportedly Sells Oil from Jafurah Field as Huge Project Starts
Saudi Aramco sold oil from its $100 billion Jafurah project in the first reported export from the massive natural gas development, Bloomberg reported. Jafurah is…
Record Demand … $10.5 Billion in Initial Orders for Aramco Bonds
Saudi Aramco saw on Monday a strong demand in the first hours after the company offered indicative pricing for four-tranche dollar-denominated bonds, with combined order…
OPEC+ Suspension of Oil Output Increase in First Quarter of 2026
OPEC+ countries have confirmed the suspension of the planned increase in oil production during the first quarter of 2026, as eight key producers reaffirmed their…
UAE Eyes $50 Billion Investment Blitz in Canada’s Energy and AI Sectors
The United Arab Emirates is ready to invest as much as $50 billion in Canada’s industries, notably energy and artificial intelligence, following a visit by…
Oil Extends Declines after Iraq, Kurds Agree to Restart Oil Pipeline
Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil…
Saudi Aramco launches dollar sukuk with $200k min as debt push widens
Saudi Aramco has launched a new international sukuk offering, with a minimum subscription of $200,000, as the state oil giant seeks to re-tap global debt…
Cuts to US Oil Jobs and Spending Threaten Output Growth
The US oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in…