Bloomberg Saudi Basic Industries Corp plans to boost production capacity 70 percent by 2025 as the Middle East’s dominant chemical maker works with new joint-venture partners and expands its footprint in the heart of the US shale boom. Increasing chemical production is crucial to Saudi Arabia’s “Vision 2030” blueprint, which envisions creating higher-value products and jobs, Yousef al Benyan, chief ...

LONDON / Reuters Gasoline stored in ships off Europe’s coast has ballooned to more than 400,000 tonnes, putting pressure on the continent’s traders to compete for buyers once summer demand starts. Several vessels have joined the three initially booked to store fuel off Europe’s ports in mid-March, and brokers said even barges have held cargoes of gasoline for three to ...

ALGIERS / Reuters Algeria is offering motorists incentives to more than double the number of cars running on natural gas by 2021 in an effort to reduce consumption of costly imported fuel amid strained public finances, officials said. The North African country has been struggling with a halving since 2014 of vital oil and gas revenues, which make up 60 ...