Saudi Arabia opens its first liquor store
Tel Aviv (AP): A liquor store has opened in Saudi Arabia for the first time in over 70 years, a diplomat reported Wednesday, a further socially liberalizing step in the…
Goldman Sachs Warns of Possible Oil Prices Doubling Amid Red Sea Disruptions
NEW YORK (Agencies): In a recent interview with CNBC, Daan Struyven, Goldman Sachs’ head of oil research, cautioned that global crude oil prices could potentially double if disruptions caused by…
Debate Resurfaces: Time to Replenish America’s Strategic Petroleum Reserve?
WASHINGTON (Agencies): Following significant withdrawals of 180 million barrels from the Strategic Petroleum Reserve (SPR) in response to rising gasoline prices, there is a growing discussion about the need to…
Niger Prepares for Inaugural Crude Oil Exports in January
NIAMEY (Agencies): Niger is gearing up to commence its first-ever crude oil exports in January, according to statements from the country’s military leader, General Abdourahamane Tiani. The commercial phase of…
Fuel Relief: Pakistan’s Government Slashes Petrol and Diesel Prices
ISLAMABAD (Agencies): In a significant move, the caretaker government of Pakistan has announced a substantial reduction in the prices of petrol and high-speed diesel (HSD) for the next two weeks.…
China-Operated Pipeline Opens Gateway for Niger’s Crude Oil Exports
Niamey (Agencies): Niger is set to enter the global crude oil market next month, marking a significant milestone for the landlocked African nation, as reported by Reuters. The country’s military…
COP28 Breakthrough: Nations Agree to “Transition Away” from Fossil Fuels
DUBAI (Agencies): In a historic move at the COP28 UN climate summit held in Dubai, nations have explicitly targeted the use of fossil fuels, agreeing to “transition away” from coal,…
Aramco to acquire a 40% stake in Gas & Oil Pakistan
DHAHRAN, Saudi Arabia (Agencies): Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan…
Houthi missile hits Norway-flagged tanker off Yemen: CENTCOM
WASHINGTON (Agencies): A missile launched by Iran-backed Houthi rebels struck a Norwegian-flagged tanker off Yemen on Monday, causing a fire, US Central Command said, adding that no casualties were immediately…