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Santos to buy ConocoPhillips northern Australia business for $1.39 billion

2 hours ago NAMEX Comments Off on Santos to buy ConocoPhillips northern Australia business for $1.39 billion
FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo (Reuters) – Australian oil and gas producer Santos Ltd (STO.AX) on Monday said it would acquire the northern Australia business of ConocoPhillips (COP.N), the world’s largest Read More

UPDATE 1-Hundreds of Algerians protest against proposed energy law

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ALGIERS (Reuters) – Hundreds of Algerians protested in front of parliament on Sunday against proposed changes to the energy law that they say the caretaker government has no right to pass. Demonstrators carry national flags and banners during a protest against a proposed new hydrocarbons law in Algiers, Algeria October 13, 2019. REUTERS/Ramzi Boudina The Read More

Putin visits Saudi Arabia for first time since 2007 – but can Russia be friends with EVERYONE in the Middle East?

7 hours ago NAMEX Comments Off on Putin visits Saudi Arabia for first time since 2007 – but can Russia be friends with EVERYONE in the Middle East?
Russia defends Iran, backs Bashar Assad in Syria and criticizes Saudi Arabia’s war in Yemen. Vladimir Putin’s upcoming visit to Riyadh would seem a risky balancing act – but is instead a pragmatic move rooted in mutual interest. Putin arrives in Saudi Arabia on Monday, his second visit to the country after his 2007 trip. Read More

‘Broken system’ starves U.S. oil boom of immigrant workers

7 hours ago NAMEX Comments Off on ‘Broken system’ starves U.S. oil boom of immigrant workers
HOBBS, N.M. (Reuters) – New Mexico oil man Johnny Vega laid out his predicament as his crew hoisted pipes from a well during the biggest oil boom in U.S. history. FILE PHOTO: Oil field worker, Miguel Holguin, operates a swabbing rig in a field in Seminole, TX, U.S. September 19, 2019. REUTERS/Adria Malcolm The son Read More

MIDEAST STOCKS-Saudi stocks fall as most of Gulf markets rise

9 hours ago NAMEX Comments Off on MIDEAST STOCKS-Saudi stocks fall as most of Gulf markets rise
* Bank shares slip on Saudi market * But Qatar banks rise, boosting main index * Arabtec jumps on Trojan merger plan * Lender CIB leads losses in Egyptian blue chips By Maqsood Alam and Shamsuddin Mohd Oct 13 (Reuters) - Saudi Arabian stocks fell on Sunday led by banks, while most Gulf markets gained, Read More

UPDATE 4-Khamenei tells Iran’s Guards to develop advanced, modern weapons

9 hours ago NAMEX Comments Off on UPDATE 4-Khamenei tells Iran’s Guards to develop advanced, modern weapons
DUBAI (Reuters) – Supreme Leader Ayatollah Ali Khamenei told Iran’s elite Revolutionary Guards on Sunday to develop more advanced and modern weapons, amid increasingly tense disputes with the United States and Gulf Arab states. FILE PHOTO: Iran’s Supreme Leader Ayatollah Ali Khamenei gives a speech to a group of scholars and seminary students of religious Read More

US-oriented IMF & its austerity package guilty of chaos in Ecuador – ex-Central Bank official to RT

9 hours ago NAMEX Comments Off on US-oriented IMF & its austerity package guilty of chaos in Ecuador – ex-Central Bank official to RT
The protests that have engulfed Ecuador and nearly brought the country’s oil industry to a halt are triggered by economic policies imposed by the IMF, guided by none other than US foreign interests, an expert told Boom Bust. “The IMF is heavily guided by the hand of Department of State and Department of the Read More

Imran Khan says Pakistan will push for Iran-Saudi mediation

11 hours ago NAMEX Comments Off on Imran Khan says Pakistan will push for Iran-Saudi mediation
Islamabad will do everything it can to promote dialogue between Iran and Saudi Arabia, Prime Minister Imran Khan has said, as tensions grow between the two Gulf rivals. Stating that Pakistan would like to avoid conflict in the region, Khan announced at a joint press conference with Iranian President Hassan Rouhani in Tehran that he Read More

UPDATE 3-Khamenei tells Iran’s Guards to develop more advanced, modern weapons

12 hours ago NAMEX Comments Off on UPDATE 3-Khamenei tells Iran’s Guards to develop more advanced, modern weapons
DUBAI (Reuters) – Supreme Leader Ayatollah Ali Khamenei told Iran’s elite Revolutionary Guards on Sunday to develop more advanced and modern weapons, the semi-official Tasnim news agency reported, amid rising regional tensions. FILE PHOTO: Iran’s Supreme Leader Ayatollah Ali Khamenei gives a speech to a group of scholars and seminary students of religious sciences in Read More

Russia to build $1bn oil complex in Saudi Arabia & further boost investment in joint projects

12 hours ago NAMEX Comments Off on Russia to build $1bn oil complex in Saudi Arabia & further boost investment in joint projects
Russian President Vladimir Putin has revealed plans to boost economic ties with Saudi Arabia by setting up a $1 billion oil plant there. He also reaffirmed Moscow’s commitment to the OPEC agenda of keeping the oil market steady. “There is still a lot to be done, but we have set a good pace. Last year Read More