Energy giant BP has agreed to sell its petrochemicals business to British chemicals company Ineos in a $5 billion deal that will help reshape its business for the global transition to lower-carbon energy.
Iraq and the United States have affirmed their commitment to the withdrawal of U.S. troops from Iraq without giving a timeline, state news agency INA said on Friday, citing Iraq's Prime Minister Mustafa Al-Kadhimi.
Saudi Arabia will isolate an industrial area of the eastern city of Dammam from Sunday, preventing entry and exit until further notice, to curb the spread of the new coronavirus, state news agency SPA said on Saturday.
Saudi Arabia fired another salvo in its oil-market war with Russia on Wednesday, unveiling plans to boost its oil-production capacity to a record 13 million barrels a day. The price of crude oil fell more than 3% after the announcement.