Saudi Arabia

The market for hydrogen is tiny today but could be worth as much as US$700 billion ($949 billion) annually by 2050.

Oil futures in New York surged to a 10-month high and topped US$50 ($65.89) a barrel on Tuesday after the deal by OPEC+.

A deeper cut in production by members and non-members of the Organization of the Petroleum Exporting Countries (Opec+) is expected to support crude oil prices at US$40 a barrel.

While oil prices have perked up following Saudi Arabia's expected production cut, the fate of oil futures remains uncertain.

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020. The out­break of the novel coronavirus or Cov­id-19 did not only infect more than 119,000 and kill more than 4,000, but also impeded economic activity. This led to

Most listed shale plays are down 80 to 90% from their recent highs. So what's next?

“The Stone Age did not end for lack of stone. The Oil Age will end long before the world runs out of oil.” — Ahmed Zaki Yamani, former Saudi oil minister

(Sept 17): Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.

(Sept 16): President Donald Trump said the US is “locked and loaded depending on verification” that Iran staged the attack on major Saudi Arabian oil facilities, an assertion already made by his secretary of state and backed by administration official

SEOUL/NEW YORK (Sept 16): Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s oil facilities on Saturday that cut more than 5% of global oil supply.