Saudi Aramco to purchase $1.25bn stake in South Korea’s Hyundai Oilbank

Saudi Aramco and Hyundai Heavy Industries Holdings have reached an agreement for Saudi Aramco’s subsidiary,  Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea’s Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings. The investment is…

Investigation: Nigeria pumped 190,000 bpd of crude oil in February above approved OPEC quota

A survey by S&P Global Platts has revealed that Nigeria pumped 190,000 barrels per day of crude oil in February above its agreed quota under the Organisation of Petroleum Exporting Countries, OPEC current production cut deal. This revelation is coming…