Saudi’s Veiled Warning About Crude Oil a Hollow Threat?

Saudi Arabia says it will retaliate against any punitive measures tied to the disappearance of Washington Post columnist Jamal Khashoggi with even “stronger ones.” For many, that means the world’s biggest oil exporter is threatening to hold back on selling crude, creating a global supply shortage and sending prices skyward when the global economy is…

Reliance Industries starts crude production at KG-D6 block

India’s largest private sector company, Reliance Industries Ltd., said it began producing crude oil from its KG-D6 block of the Krishna Godavari Basin on Sept 17, confirming media reports. Initial production levels are at 5,000 barrels of crude per day. Peak hydrocarbon production of 550,000 barrels of oil equivalent per day (boepd) is expected over…