Saudi Arabia
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?
News
February 14, 2018
OPEC will soon discuss with Russia a new way to measure oil inventories as producers meet to review their supply-cuts agreement that expires at the end of 2018.
News
February 14, 2018
Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy agreements, including one on liquefied natural gas.
News
February 12, 2018
Wood has secured a new multi-million-dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia.
News
February 05, 2018
Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand.
News
February 05, 2018
The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.
News
February 02, 2018
Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry.
News
January 31, 2018
Tiny OPEC producer Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia.
News
January 31, 2018
Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia.
News
January 30, 2018
Saudi International Petrochemical Co. is considering investing in the U.S. shale industry in what would be the company’s first foreign venture as it faces higher costs and a shortage of feedstock at home in Saudi Arabia.
News
January 29, 2018
McDermott International, Inc., has announced a large* contract award from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of 13 jackets in Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.
News
January 25, 2018
Saudi Arabia has insisted there’s no connection between plans to sell part of its state oil giant and an OPEC strategy that supports crude prices. But within days, it’s hesitated on the time-frame for both.
News
January 24, 2018
Saudi Aramco’s trading unit started swapping the kingdom’s crude oil for products refined in other countries, allowing the company to tap new markets, according to its CEO.
News
January 23, 2018
The pledge Saudi Arabia and Russia made to keep working together on managing the oil market beyond 2018 shows the two energy giants are now looking to engineer an orderly exit from the deal.
News
January 22, 2018
Crude futures are little changed, toggling between gains and losses as hints that OPEC may extend its output cuts into 2019 opened concern the curbs may not be working quickly enough.
News
January 22, 2018
Brent crude declined even after Saudi Arabia and Russia pledged over the weekend to continue oil supply cuts.
News
January 21, 2018
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that.
News
January 18, 2018
Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, CEO Amin Nasser said.
News
January 11, 2018
OPEC will stick with production cuts for the rest of the year as the group makes headway toward its goal of clearing an oversupply of crude, United Arab Emirates Energy Minister Suhail Al Mazrouei said Thursday.
News
January 09, 2018
The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world’s largest oil producer.
News
January 05, 2018
Saudi Arabia cut February pricing for most of its crude sales to the U.S. for a second month even as the world’s largest oil exporter ships record-low volumes to American buyers in an effort to help trim a global glut.
