Oil: OPEC Production Climbs As Saudi Arabia Pumps More Crude oil production from the Organisation of Petroleum Exporting Countries increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met. The kingdom’s oil production grew...

U.S. Sorghum Ship Bound for China Heads for Saudi Arabia A ship carrying 69,842 tonnes of sorghum from the United States bound for China has switched its destination to Dammam, Saudi Arabia. The BTG EIGER departed with U.S. sorghum from Archer Daniels Midland Co’s Corpus Christi...

Nigeria Loses N25b To Saudi Airline In Hajj Airlift Quota Saudi Arabian airline, Flynas, will earn about N25 billion off the Nigerian air travel market in this year’s Hajj airlifting. The disclosure followed a controversial 50 per cent quota approved recently by the National Hajj Commission...

Crude oil prices have increased on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent crude futures, the international benchmark for oil prices, were at...

Oil rose to above $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. Saudi Arabia has cut November allocations by 560,000 barrels per day (bpd),...

Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. Focus was shifting to three other hurricanes that are currently tearing through the Caribbean and...