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DUBAI: State oil giant Abu Dhabi National Oil Co (Adnoc) has set a price for the initial public offering (IPO) of its drilling unit, giving Adnoc Drilling an equity valuation of US$10bil (RM41.4bil), it said yesterday.
KHARTOUM: Sudan expects to reach a long-term deal with Saudi Aramco for the supply of oil derivatives at preferential prices, and shipments of some products by the Saudi state oil producer have already begun, the Sudanese energy ministry said on Sunday.
DUBAI: Saudi Arabia’s state-run energy firm is splitting its gas production division in two, as the fuel becomes increasingly important for expanding its chemicals business and amid efforts to position itself for the energy transition.
GEORGETOWN: Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country’s oil production, and the two parties will likely enter into a one-year marketing deal, an official said.
Oil prices were mixed on Tuesday as Saudi Arabia's sharp cuts in crude contract prices for Asia sparked fears over slower demand, but strong Chinese economic data capped losses.
NEW YORK: Oil prices fell on Monday after Saudi Arabia's sharp cuts to crude contract prices for Asia revived concerns over the demand outlook.
SAUDI Arabia cut the price of crude oil for October delivery to its customers in Asia by more than the market expected
SINGAPORE: Oil prices fell about US$1 on Monday, extending losses after the world's top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand.
NEW YORK: Goldman Sachs Group Inc is hiring bankers from rival firms Citigroup Inc and HSBC Holdings Plc as the US lender seeks to expand its business in the Middle East amid a surge in deals from the region.