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  • Will Opec extend output cuts in bid to push up oil prices?
    BBC News2 hours ago

    Will Opec extend output cuts in bid to push up oil prices?

    Opec is hoping to extend existing oil production cuts, in order to push prices higher.

  • Reuters2 hours ago

    Saudi Aramco plans up to $30 bln investment in Motiva by 2023

    Saudi Aramco plans an investment of up to $30 billion in its U.S. subsidiary Motiva Enterprsies LLC, the company said in an announcement at a business summit in Saudi Arabia. The company said that $12 billion would be the initial investment in a project to expand refining capacity at Motiva's Port Arthur, Texas, refinery, already the largest in the United States, and to extend Motiva's operations in the petrochemical value chain, according to a statement about the investment. A likely additional investment of $18 billion is expected in Motiva by 2023, it said.

  • Oilprice.com2 hours ago

    Saudi Finance Minister: “I Wouldn't Care If The Oil Price Is Zero"

    Saudi Arabia, one of the world’s most oil-dependent economies, has declared that they intend to end their nation’s oil addiction by 2030