The $20bn Akkuyu nuclear plant will comprise four 1200MWe VVER-1200 reactors

Frederico Justus, President, International Operations, Weatherford, noted, “This joint operation with IDC is an honor for Weatherford. Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract.”

The key Joint Ministerial Monitoring Committee, co-chaired by Saudi Arabia and Russia, the two largest members of the coalition, will convene online July 15 and make a final recommendation.

Iraq affirmed its commitment to the OPEC+ cuts in a call with Saudi energy minister Prince Abdulaziz bin Salman, the two ministers said in a joint statement.

The intervention of the United States, the G-20 and other leading producing countries was vital in securing April’s historic production deal to rebalance and stabilize oil markets reeling from the pandemic.

Saudi Arabia’s Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom’s financial landscape.

Overseas investors have withdrawn nearly $8 billion from Turkish stocks since January,

OPEC's 13 members pumped 22.31 million b/d, the organization's lowest collective output since September 1990,

State producer Saudi Aramco lifted the official selling price for its flagship Arab Light crude to buyers in Asia,

Japan’s Nikkei, which has lagged with a soft domestic economy, managed a rise of 1.8%.

There are different forecasts looking at between 95 and 97 MMbd by year-end

Iraq oil exports fell to an average of 2.816 million b/d, in line with projections made in June by Oil Minister Ihsan Ismaael

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.51%,

In the first quarter, the value of Saudi Arabia’s oil exports plunged by about $11 billion year on year

China's arrivals from Saudi last month reached 9.165 million tonnes, or 2.16 million barrels per day (bpd), up about 95% from 1.11 million bpd in May 2019 and up 71% from 1.26 million bpd in April,