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Oil exports of Saudi Arabia decreased by 25.5%

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Oil exports of Saudi Arabia decreased by 25.5% According to the data published by General Authority for Statistics of Kingdom of Saudi Arabia, oil exports...

Bahrain to produce shale oil

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Bahrain started the first shale oil well drilling. The government is negotiating with drilling companies to make an agreement for the first deep gas well. The...

Dairy, oil and sugar prices increase worldwide, according to FAO

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United Nations Food and Agriculture Organization (FAO) published its monthly food price index. The index consists of cereals, oilseeds, dairy products, meat and sugar products. The...

Saudi king agree to production boost to battle rising oil prices

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Saudi king agree to production boost to battle rising oil prices President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to...

India Moves to Use National Currency in Oil Trade With Iran

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Indian refineries bought a record 27.2 million tons of Iranian crude oil in the past financial year, which wrapped up in March 2018. India plans...

Nigeria’s Growing Economy

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Nigeria’s oil prices and local production have increased. Nigeria had two quarters of economic growth. In the third quarter of 2017, oil production has...