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A worker fills a tank with subsidized fuel at a fuel station in Jakarta April 18, 2013. REUTERS/Beawiharta
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Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo
Saudi Arabia Defends its Leadership of Oil Market with Two Weapons
Khobar-For long years, Saudi Arabia has been pioneering the crude oil market, given that it has been the biggest source of crude oil and biggest producer regarding quantity. However, this year, countries were not competing on their share of crude oil in the market,...Caption:
Freezing Production No where near Realization as Oil Giants Focus on Market Share
Khobar- As Venezuela’s President Nicolas Maduro tries to rally support for a meeting among the world’s largest oil producers, to put down new rates on crude oil, most of Organization of the Petroleum Exporting Countries (OPEC)’s giants sustain high and unprecedented...Caption:
Robert Mabro
OPEC Loses Eminent Defender
Few people knew Robert Mabro, who was one of the kindest and most important figures in the oil sector far from government and private companies. The academic passed away on Tuesday while on holiday in Greece. He was one of the most eminent defenders of OPEC in the...Caption:
Facilities at phases 2-3 of the South Pars gas field, owned jointly by Iran and Qatar, are illuminated at night in Assaluyeh on Iran’s Persian Gulf coast, May 27, 2006. REUTERS/Morteza Nikoubazl