Saudi Arabia
News
September 14, 2019
Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s oil industry and set the world’s biggest crude-processing plant ablaze.
News
September 13, 2019
Since the launch of its strategy to revive global oil markets three years ago, one of the biggest challenges faced by OPEC and its allies is that not all the producers have pulled their weight.
News
September 12, 2019
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.
News
September 10, 2019
The contract covers a range of products, from standard API to high end premium OCTG for both onshore and offshore oilfields, and conventional to complex wells. In addition, Vallourec will supply a large range of “from mill to rig” services as part of its new Vallourec.smart services program.
News
September 10, 2019
Subsea 7 has been awarded a contract by Saudi Aramco for the Marjan Increment Projects - Package 2, offshore Saudi Arabia.
News
September 10, 2019
Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi. Confirmation of the underwriters will signal that the share sale -- set to be the world’s largest -- is finally in the offing after plans were put on hold last year.
News
September 09, 2019
Late on Saturday night, Khalid Al-Falih was removed and replaced as energy minister by Prince Abdulaziz bin Salman. A half-brother of Crown Prince Mohammed bin Salman, he’s the first member of the royal family to hold the job.
News
September 09, 2019
Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi.
News
September 02, 2019
The Saudi decision to shrink the energy ministry will leave the kingdom’s oil policy unchanged as the world’s largest crude exporter continues cutting output to balance markets, a person with knowledge of the matter said.
News
August 29, 2019
Thailand’s state-controlled oil and gas company PTT is looking to resource-rich countries in the Middle East to help meet the country’s growing energy demand.
News
August 20, 2019
Flaring tensions in the Persian Gulf have seen some of the world’s biggest crude deposits, along with processing and transport infrastructure and vessels, targeted by explosives-laden drones and bombings.
News
August 19, 2019
Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports.
News
August 19, 2019
Yemeni rebels attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia, but failed to disrupt production.
News
August 15, 2019
Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads.
News
March 07, 2018
Saudi Arabia’s former oil minister has some advice for anyone worried about a possible drop in future demand for crude: Chill.
News
March 07, 2018
Saudi Arabia’s stock market is on a charm offensive as it prepares for what could be the world’s largest initial public offering.
News
March 05, 2018
Saudi Arabia cut pricing for Arab Light crude to Asia for the first time in eight months, a sign that the world’s largest oil exporter is fighting harder for sales in its biggest market.
News
February 27, 2018
The head of OPEC plans to dine with U.S. shale company executives on Monday in Houston, the second consecutive year that the secretary general has met with some of the cartel’s top rivals.
News
February 22, 2018
Even Saudi Arabia wants in on the U.S. oil boom.
News
February 19, 2018
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.
News
February 16, 2018
After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target?
