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U.S. regulators gave the go-ahead on Thursday to Exxon Mobil s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer s former CEO from Exxon s board on allegations he attempted to collude with OPEC to raise oil prices. ....
This additional processing capacity is in line with Saudi Aramco s strategy to elevate gas production by more than 60% by 2030 compared to the levels in 2021. [Image: Aramco] ....
Saudi Aramco notified the companies in the kingdom of the price hike this week, saying it will be effective from Jan. 1. Aramco increased retail diesel prices for 2024 by 53% to 1.15 riyals ($0.3067) per litre, its third increase since 2016. ....
The country s oil ministry said it reserves the right to develop its part of Dorra/Arash after Saudi Arabia and Kuwait struck an agreement to exploit their share. ....