GCC banks prove resilient amid turmoil
July 28, 2026Strong funding, capital and policy support help regional lenders withstand geopolitical and economic shocks Source link
Saudi Arabia Key Oil Stats (‘000 b/d): Oil Burn Begins To Normalize In May
July 28, 2026... Source link
Petro Rabigh’s Largest Growth Project Remains on Track
July 28, 2026Fahad Almuhaisin, Chief Financial Officer (CFO) of Rabigh Refining and Petrochemical Company (Petro Rabigh), a subsidiary of Aramco, told Asharq, Bloomberg’s Arabic news platform, in a TV interview that the company exp...
MEED | Maghreb fortunes diverge
July 28, 2026The region enters the second half of 2026 with four economies moving at different speeds Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and a...
Aramco moves apace with Jafurah unconventional gas campaign
July 27, 2026Recent bid submission by contractors for the fifth expansion phase of the $100bn Saudi unconventional gas development programme closely follows the start of EPC works on the fourth phase Subscribe to read the full ...
Energean Boosts Israel Oil Capacity
July 27, 2026Energean has completed commissioning the second oil train on its Energean Power FPSO at Israel’s 4.3tcf Karish project, significantly increasing the facility’s liquids processing. The company said on 22 July that the...
Velox-1X Shows Promising Oil Discovery in Western Mediterranean
July 27, 2026Drilling of the offshore Velox-1X exploratory well in the North Cleopatra concession in the Western Mediterranean has revealed promising oil indicators, confirming a functioning petroleum system and crude oil in the area...
Saudi May Crude Exports Hit Record Low Amid Gulf Tensions
July 27, 2026Saudi Arabia’s crude oil exports fell for a third consecutive month in May, reaching a record low, according to data released by the Joint Organizations Data Initiative (JODI) on Tuesday, as the Iran-Israel conflict di...
Egypt Gas Consumption Posts May Record
July 27, 2026Egypt’s gas consumption continues to set seasonal records. After reaching a record April figure of 6.34bn cfd, demand rose to 6.39bn cfd in May, Jodi data show, the highest level ever recorded for the month. Rising dem...
Oil price rises above $100 a barrel after Red Sea attacks
July 27, 2026Brent crude rose to its highest level since May after Yemen-based Houthi rebels attacked two Saudi oil tankers in the Bab El-Mandeb Strait in the Red Sea, marking a new escalation in the US-Iran conflict Subscribe ...
