Saudi Arabia
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.
News
January 05, 2018
OPEC and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high.
News
January 04, 2018
Saudi Arabian Oil Co. is seeking to hire a bank to advise on plans to buy natural gas assets, according to people familiar with the matter, ahead of what could be the world’s biggest share sale.
News
January 02, 2018
After ending 2017 at a two-year high, oil prices could go either way this year, and these five individuals could play defining roles.
News
January 01, 2018
For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.
News
May 21, 2017
Saudi Arabia welcomed U.S. President Donald Trump with agreements for deals worth tens of billions of dollars on Saturday, as he embarked on his first state visit to the kingdom, which is undertaking unprecedented economic reforms.
News
May 21, 2017
McDermott International, Inc., signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative.
News
May 21, 2017
Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.
News
May 16, 2017
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.
News
May 16, 2017
Kuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles.
News
May 16, 2017
Saudi Arabian Oil has promoted eight executives to top positions, including a senior vice president for downstream operations.
News
May 15, 2017
Oil jumped to its highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for nine months.
News
May 15, 2017
Saudi Arabia and Russia said they favor prolonging oil-output cuts through the first quarter of 2018, setting a firmer timeframe for a likely extension of the curbs.
News
May 11, 2017
Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the U.S.
News
May 08, 2017
Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes.
News
May 03, 2017
Saudi Arabia’s giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco’s initial public offering, Deputy Crown Prince Mohammed bin Salman said on state television.
News
May 01, 2017
Saudi Arabia, the world’s largest crude exporter, cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market. The kingdom raised pricing to all other regions.
News
April 27, 2017
The boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades.
News
April 26, 2017
The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply.
News
April 26, 2017
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.
News
April 26, 2017
Saudi Arabia’s security forces foiled an attempt to blow up an oil product distribution center in Jazan, a province bordering Yemen in the kingdom’s southwest, according to the state-run news agency.
