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Oil advances on talk of extension to OPEC cuts Investors were awaiting US inventories data, with the American Petroleum Institute (API) expected to reveal rising stocks after a surprise drop in the week to March 10.

Oil advances on talk of extension to OPEC cuts

OPEC sources have indicated that its members increasingly favour extended production cuts but want the backing of non-OPEC oil producers, such as Russia

 •   OPEC output cut compliance at 140% in February
 •   OPEC invites US shale firms, hedge funds for talks
 •   OPEC must lower costs to compete with shale

GCC chemical industry grows at 3.7 percent in 2016

While there is a fall from the Gulf chemical industry's growth rate of five percent in 2015, due in part to feedstock supply constraint and global economic uncertainty, watershed projects in the region point to a positive medium-term outlook for growth.
 

Saudi Aramco plans $2bn debut bond ahead of IPO

Saudi Aramco is preparing to sell bonds ahead of an IPO in 2018, the latest in a string of debt sales that raised almost $80bn for countries in the region
 

Growth for oilfield services, drilling: Moody's

The revised outlook comes as oil prices and upstream spending show continued signs of recovery, buoyed by expected improvements in OFS operating margins from very depressed levels and an expansion of upstream drilling budgets
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Growth for oilfield services, drilling: Moody's

Growth for oilfield services, drilling: Moody's

The revised outlook comes as oil prices and upstream spending show continued signs of recovery, buoyed by expected improvements in OFS operating margins from very depressed levels and an expansion of upstream drilling budgets
 
 

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Special Report: Integrated technologies, processes

Special Report: Integrated technologies, processes

Industry commitment to strategic technology investments and robust business processes is key to benefitting from Big Data analytics.
 
 

PEOPLE More »

Five Minutes With Joerg Theis, global VP, ABB

Five Minutes With Joerg Theis, global VP, ABB

An interview with Joerg Theis, global vice president, oil, gas and chemicals, ABB.
 
 

COMMENT More »

Special Report: Increasing convergence

Special Report: Increasing convergence

The latest process automation and control solutions provide the downstream industry with a competitive advantage, the focal point being enterprise performance.
 
 

SPECIAL REPORTS More »

Special Report: Utilising sour gas

Special Report: Utilising sour gas

Dr. Nick Coles of Dome Exhibitions talks about how SOGAT 2017 will ride on the growth of the sour gas market and the gas processing and sulphur recovery techniques that will be promoted
 
 

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Gallery: Key stakeholders grace ME-TECH 2017

Gallery: Key stakeholders grace ME-TECH 2017

The seventh edition of the Middle East Technology Forum for Refining and Petrochemicals (ME-TECH) took place in Dubai during 21-23 February 2017. ME-TECH 2017 had a strong focus on the key challenges and opportunities in front of the downstream industry.
 
 

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Intertec unveils safety showers for harsh areas

Intertec unveils safety showers for harsh areas

Emergency showers for harsh environments set new standards in durability and energy efficiency.
 
 

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Video: OMV installs huge column at refinery

Video: OMV installs huge column at refinery

Column was deployed at Schwechat refinery for fuel desulphurisation
 
 

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Source: oil-price.net

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