News

Sharjah National Oil Corporation Advances Vision for Energy Future Leveraging RISE with SAP

Sharjah National Oil Corporation (SNOC) has signed an agreement with SAP to adopt RISE with SAP, marking a major milestone in its corporate drive toward advanced modernization within the energy sector. The initiative supports Sharjah’s long-term strategy to enhance operational excellence and sustainability under the leadership of H.H. Sheikh Sultan bin Ahmad Al Qasimi, Deputy Ruler of Sharjah and President of SNOC.

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Huge Crude Draw Offsets Product Builds

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw yet another large draw, this time of 9.3 million barrels in the week ending December 12. Crude oil inventories shrank by 4.8 million barrels in the week prior.

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