NATO allies fret over security of Libya’s oil
The escalation of violence in and around the oil installations of Libya are cause for growing international concern, a joint statement from NATO allies said. A joint statement from the Continue Reading
Saudi oil min says no ‘free rides’ for non-OPEC producers
Saudi Oil Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving as an agreement to curb supply by OPEC and non-OPEC producers took effect. But he said Continue Reading
Burning less oil at home will help Saudi exports and Aramco IPO
Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in Continue Reading
Saudi Energy Minister Says OPEC Will Remain Stabilizing Force for Oil Prices
Saudi Arabia’s energy minister said Tuesday that the Organization of the Petroleum Exporting Countries will continue to be the world’s “only catalyst” for stabilizing oil prices, but he warned that Continue Reading
As Trump Makes Threats, Iran Makes Friends
The Islamic Republic is expanding its reach and raising questions over U.S. ambitions to contain the country. Nigerian carpenter Bashir Muhammad has never been to Iran, but he would fight Continue Reading
Saudi Aramco to Pay Royal Dutch Shell $2.2 Billion in Motiva Breakup
State-oil giant Saudi Arabian Oil Co. will pay Royal Dutch Shell PLC $2.2 billion to finalize the breakup of their two-decade Motiva Enterprises refining partnership in the U.S. The deal Continue Reading
Saudi Oil Minister Says Market Intervention Is Ineffective
Saudi Arabia will only play steward of global oil production for a limited period before stepping back and allowing the free market to complete the supply rebalancing act, Saudi Oil Continue Reading
What the Saudi Aramco sale says about the state of the oil industry
As the oil and gas industry gathers in Houston for CERAWeek, a major annual event, geopolitical drivers to oil prices will be a focus. U.S. shale producers will be particularly Continue Reading
Saudi oil min says no ‘free rides’ for non-OPEC producers
Saudi Oil Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving as an agreement to curb supply by OPEC and non-OPEC producers took effect. But he said Continue Reading
Saudi Energy Boss Al-Falih Says Peak Oil Demand Talk Misguided
Saudi Arabia ’s top oil official dismissed the notion that global demand may soon peak and leave billions of barrels of untapped crude stranded in fields that will never be Continue Reading