Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized
Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and hare of a global deal to cut oil supply, with Moscow sticking to a slow Continue Reading
Saudi exports to U.S. to fall by 300,000 barrels per day in March
Shaybah oilfield complex is seen at night in the Rub’ al-Khali desert, Saudi Arabia, November 14, 2007. Saudi Arabia’s crude exports to the United States in March will fall by Continue Reading
Saudi pledges stable oil supply as market confused by data
Output or exports? OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a Continue Reading
Saudi Aramco inks term crude supply with China’s CNOOC for Huizhou refining project
Saudi Aramco has signed a one-year crude supply contract with China National Offshore Oil Corp. for its upcoming Phase 2 Huizhou refining project, as Saudi Arabia steps up efforts to Continue Reading
Saudi Arabia may insist on Iran oil output cuts to continue OPEC deal: sources
Geopolitical rivals Saudi Arabia and Iran may be headed for another OPEC showdown, as the producer group enters negotiations over extending oil production cuts in force since January. Saudi Arabia Continue Reading
Saudi Arabia Rating Cut by Fitch on Worsening Public Finances
Saudi Arabia’s credit worthiness was cut one level by Fitch Ratings, which said low oil prices were worsening public and external finances. Fitch reduced Saudi Arabia’s rating to A+, the Continue Reading
A New Start For Egypt And Saudi Arabia’s Weathered Relationship
Saudi oil shipments to Egypt have resumed after several months of political crisis between Cairo and Riyadh. Egyptian oil ministry sources stated on 19 March that the first two oil Continue Reading
Saudis Bet Big On Houston As Drilling Activity Picks Up
A Saudi logistics company has just opened a Houston office to seize the opportunity to ship increased volumes of oilfield and plant construction equipment to the Port of Houston as Continue Reading
Saudi Arabia’s Oil Supremacy Falters
Saudi Arabia is losing its grip on big oil markets it once dominated amid a deep production cut that has reshaped global petroleum trade routes and benefited rivals like Iran, Continue Reading
Iran’s 14 Billion-Barrel Oil Field Comes Online
Back from the wilds of Asia. Just in time to witness one of the most critical new field start-ups the global oil sector has seen in years. That’s the South Continue Reading