FUJAIRAH / WAM Refined oil product stocks at the Middle Eastern hub of Fujairah rose 2.5 percent in the week to December 9 on the back of increased gasoline and other light distillate stockpiles, according to data released on Wednesday by the Fujairah Oil Industry Zone, FOIZ. Total inventories rose to 21.337 million barrels during the last week, bringing the ...

Bloomberg Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 am in Riyadh as Aramco board members, Saudi officials and ...

Dubai / WAM The United Nations Framework Convention on Climate Change (UNFCCC), Secretariat has selected Dubai to host the inaugural Mena Climate Week 2020. The first of its kind climate event to be held in the region will coincide with Expo 2020 Dubai. The announcement came during a press conference for the Regional Climate Weeks, which took place on the ...