Saudi Arabia extends 1 million bpd voluntary cuts until Q1 2024

Business & Philanthropy forum to highlight inclusive approach for equitable climate solutions DUBAI: As global leaders converge on Dubai to attend the UN COP28 to discuss ways to mitigate the effects of climate change and strategies, there are calls for cross-border collaboration ensuring inclusivity to achieve common goals. To effectively highlight these aspects of climate … Read more

Turkiye extends LNG deal with Algeria for 3 years, says energy minister

RIYADH: Saudi Arabia’s National Debt Management Center has closed the November issuance of its riyal-denominated sukuk program, with a bid amount totaling SR2.66 billion ($710 million), representing a decline of 33.16 percent compared to October. The November issuance was divided into two tranches, with the first tranche valued at SR1.99 billion set to mature in … Read more

Oil Updates — Crude extends gains as OPEC+ to mull deeper cuts

SINGAPORE: Oil futures nudged higher on Monday, extending gains on expectations of deepening supply cuts from the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, expected to shore up prices, which have fallen for four weeks on easing concerns of Middle East supply disruption amid the Israel-Hamas conflict. Brent crude futures … Read more