Oil slips 1.0pc as US producers restore output post-hurricane

SINGAPORE, Oct 12 (Reuters): Oil prices dropped 1.0 per cent for a second straight session on Monday as US producers began restoring output post-Hurricane Delta, and after a labour strike affecting Norwegian production came to an end.Brent crude LCOc1 for December fell 41 cents to $42.44 a barrel by 0650...

Saudi Arabia reaps rewards of gas-saving technology

RIYADH, Oct 12 (Arab News): The Master Gas System (MGS) led to Saudi Arabia to save more than 18 billion cubic feet per day of gas in 2018 and meet growing energy demands, experts have said.Majed Al-Suwailem, a leading researcher at the King Abdullah Petroleum Studies and Research Center (KAPSARC),...