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Category: Saudi Arabia

Category:
  • Saudi Arabia
  • Yemen

Yemen’s Houthis Claim Strike on Saudi Base, Aramco Oil Depot

Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply. Continue Reading

Posted On : 4 Mar 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco Seeking To Extend Loan $10 Billion Loan

Saudi Aramco is reportedly seeking to extend a $10-billion loan, according to Reuters, which cited unnamed sources familiar with the matter, who confirmed an initial report by a Reuters-related news Continue Reading

Posted On : 2 Mar 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco sees hydrogen market gaining momentum after 2030

Saudi Aramco is aiming for its hydrogen business to be “world scale” by 2030, as that is when it expects the market for the clean fuel to scale up, Ahmed Continue Reading

Posted On : 23 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Sheikh Yamani, Mastermind of Saudi Oil Supremacy, Dies at 90

Sheikh Ahmed Zaki Yamani, Saudi Arabia’s long-serving oil minister and the public face of the 1973 oil embargo that punctuated the country’s newfound role as an oil-market superpower, has died. Continue Reading

Posted On : 23 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Crude stockpiles slump to record low as exports keep rising

 Saudi Arabia’s crude stockpiles dropped to their lowest on record in December as the OPEC kingpin continued to push out more exports with direct use falling even more, according to Continue Reading

Posted On : 18 Feb 2021 Published By : Tom Whipple
Category:
  • OPEC
  • Saudi Arabia

Saudi Arabia Set to Raise Oil Output Amid Recovery in Prices

Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an Continue Reading

Posted On : 18 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

FEATURE: Plans for second Aramco share sale increase oil price pressure on Saudi Arabia

 Spurred by the accelerating global energy transition, Saudi Arabia may soon sell more shares of its flagship oil company to finance projects aimed at diversifying its hydrocarbon-reliant economy.  The plan Continue Reading

Posted On : 17 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Biden plans to ‘recalibrate’ Saudi relations in shot at MbS –

President Joe Biden plans to shift U.S. relations with Saudi Arabia and will conduct diplomacy through Saudi King Salman bin Abdulaziz rather than his powerful son, Crown Prince Mohammed bin Continue Reading

Posted On : 17 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Green Hydrogen Plant in Saudi Desert Aims to Amp Up Clean Power

Can a multibillion-dollar project in the Saudi desert jump-start the demand for green hydrogen, an elusive energy source that could help eliminate carbon emissions from vehicles, power plants and heavy industry? Continue Reading

Posted On : 15 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco Looks To Lure Buyers To Pipeline Unit With $10B Loan

Saudi Aramco, the world’s biggest oil company, is discussing with banks the idea to offer the potential buyers of its pipeline business a staple financing package of up to US$10 Continue Reading

Posted On : 12 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco prepares $10 billion loan for pipeline business buyers: sources

 Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant Continue Reading

Posted On : 10 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Green Hydrogen Plant in Saudi Desert Aims to Amp Up Clean Power

Can a multibillion-dollar project in the Saudi desert jump-start the demand for green hydrogen, an elusive energy source that could help eliminate carbon emissions from vehicles, power plants and heavy industry? Continue Reading

Posted On : 9 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco Remains Second Most Valuable Oil Brand In The World

Saudi state oil giant Aramco remained the second most valuable brand in the oil and gas industry last year, with a value of $35.7 billion, according to Brand Finance. This Continue Reading

Posted On : 9 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia’s future city Neom plans hydrogen-based ecosystem

Highlights 574 MW gas-fired power plant being phased out Saudi Aramco, SABIC, Maaden could get involved ‘Various scenarios’ of 15-30 GW of installed renewables capacity Dubai — Saudi Arabia’s future Continue Reading

Posted On : 9 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Will Saudi Arabia’s Surprise Production Cut Backfire?

Global energy markets and industry insiders believe that it was a good idea for Saudi Arabia to slash oil production by one million barrels daily until the end of March Continue Reading

Posted On : 3 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Crude oil futures tick higher as Saudi Arabia’s voluntary production cuts begin

Singapore — 0352 GMT: Crude oil futures were buoyed as Saudi Arabia’s voluntary 1 million b/d production cuts, announced in January, took effect, even as concerns of flailing energy demand Continue Reading

Posted On : 2 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco’s New Stock Offering Looks Doomed From The Start

More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of Saudi Arabia’s sovereign Continue Reading

Posted On : 2 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Why Saudi Arabia Wants To Sell More Of Its Oil Giant

Saudi Aramco, the world’s largest oil company, is about to make headlines again. In a surprise statement by Saudi Crown Prince Mohammed bin Salman during an interview at the Future Continue Reading

Posted On : 29 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Biden Freezes U.S. Arms Sales to Saudi Arabia, U.A.E.

The Biden administration has imposed a temporary freeze on U.S. arms sales to Saudi Arabia and is scrutinizing purchases by the United Arab Emirates as it reviews billions of dollars Continue Reading

Posted On : 28 Jan 2021 Published By : Tom Whipple
Category:
  • Russia
  • Saudi Arabia

Saudi surprise output cut ‘really helped’ stabilize oil market: Russia’s Dmitriev

Saudi Arabia’s “brilliant move” to unilaterally reduce oil output additionally by 1 million b/d has been a great contribution to the stabilization of the global oil market, Kirill Dmitriev, the Continue Reading

Posted On : 28 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions

Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund (PIF) said on Continue Reading

Posted On : 27 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Looks To Stop Using Crude For Domestic Power Generation

Saudi Arabia is working to replace the use of petroleum liquids for power generation with solar energy and gas-fired capacity, Argaam reported on Monday, citing Saudi Arabia’s Energy Minister, Prince Continue Reading

Posted On : 26 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Is On The Brink Of Losing Control Of Oil Markets

When earlier this month Saudi Arabia served “a wonderful surprise” to oil markets in the words of its energy minister, oil prices jumped up. After all, the Kingdom said it Continue Reading

Posted On : 26 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi sovereign fund to double assets in next five years to $1.07 trillion: Crown Prince

Saudi Arabia’s Public Investment Fund plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make Continue Reading

Posted On : 25 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Exports Dropped in November, With Oil Revenue Down 40%

Saudi Arabia’s exports fell by more than a quarter in November compared with a year ago, driven by another drop in oil demand. Total revenue was 58.2 billion riyals ($15.5 billion), Continue Reading

Posted On : 25 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

How Much Does Aramco Pollute? Missing Emissions Might Double Carbon Footprint

Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just in Continue Reading

Posted On : 22 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Was Saudi Arabia’s Surprise Production Cut A Good Idea?

Oil prices have risen by 10 percent since the end of 2020 and 8 percent since the OPEC+ meeting two weeks ago, but the rally has nothing to do with Continue Reading

Posted On : 22 Jan 2021 Published By : Tom Whipple
Category:
  • China
  • Saudi Arabia

Saudi Arabia Remained China’s Top Oil Supplier In 2020

For most of last year, Saudi Arabia—the largest oil exporter in the world—and its key partner in the OPEC+ deal, Russia, were head-to-head in a very close race for the Continue Reading

Posted On : 21 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Rising Saudi crude exports leaves domestic stocks at 17-year low

Saudi Arabia’s crude exports rose to a seven-month high in November and, with production capped by the OPEC+ agreement, domestic stockpiles ended the month at a 17-year low, according to Continue Reading

Posted On : 21 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco faces tough 2021 as rivals race for oil capacity

Saudi Aramco may be forced to play catch-up in 2021 as rival state-controlled oil companies closely aligned to OPEC policy in the Middle East race to add new production capacity Continue Reading

Posted On : 21 Jan 2021 Published By : Tom Whipple
Category:
  • China
  • Iran
  • Saudi Arabia

Iran Looks To Poach Saudi Oil Contracts With New Projects

Iran and China look to exploit Saudi oil deficit with new push in West Karoun Iran And China Exploit Saudi Weakness With New Oil Megaproject Iran And China Capitalize On Continue Reading

Posted On : 19 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco Seeks $7.5B Loan for Pipeline Investors

Saudi Aramco is lining up a loan of about $7.5 billion for potential investors in its oil pipelines, according to people familiar with the matter. (Bloomberg) — Saudi Aramco is Continue Reading

Posted On : 14 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Starts New Bull Run In Middle East Oil

Market tightness is the new byword on the global crude markets, though this given bout of supply scarcity (luckily) bears all the traits of a forethought and premeditated one. Saudi Continue Reading

Posted On : 14 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Aims to Raise Over $5 Billion in Bond-Market Return

Saudi Arabia is preparing to return to global capital markets with a bond sale aimed at raising about $5 billion to help cover financing needs heightened by last year’s slide Continue Reading

Posted On : 12 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Crown Prince Announces Zero Carbon Smart City

A zero-carbon city will be built on the site of the Neom smart city project, Crown Prince Mohammed bin Salman said on Sunday, as quoted by Reuters. The city, dubbed Continue Reading

Posted On : 12 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudis Raise Asia and U.S. Oil Prices After Shock Output Cut

Saudi Arabia raised pricing for oil customers in Asia and the U.S. after its shock move this week to cut output sent crude prices climbing. A day after its unilateral Continue Reading

Posted On : 7 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

U.S. Imports No Saudi Crude Oil for First Time in 35 Years

The U.S. didn’t import any Saudi crude last week for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American Continue Reading

Posted On : 7 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero

For the first time in 35 years, no oil flowed from Saudi Arabia to the United States last week, according to EIA data, in a show that the United States—at Continue Reading

Posted On : 7 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Goldman Sachs: Here’s What’s Behind Saudi’s Shocking Production Cut Decision

The first monthly OPEC+ meeting to decide on the group’s production ended with an unexpected, in fact shocking two-month agreement: Saudi announced an unexpected and unilateral production cut of 1 Continue Reading

Posted On : 7 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia comes to the aid of OPEC+ but seeks goodwill in return

 Ever since Saudi energy minister Prince Abdulaziz bin Salman took his post in August 2019, he has cracked the whip on OPEC+ compliance, pressuring, scolding and cajoling quota violators to Continue Reading

Posted On : 7 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia surprises market with 1 million b/d ‘preemptive’ output cut

Saudi Arabia has delivered what Russian Deputy Prime Minister Alexander Novak called “a New Year’s gift” to the oil market with its surprise announcement of an extra 1 million b/d Continue Reading

Posted On : 6 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudis Take Charge of Oil Market With Surprise Output Cut

Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler. The move Continue Reading

Posted On : 6 Jan 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudis take on burden of oil output cut to support price

Saudi Arabia said Tuesday it will cut its oil production by 1 million barrels a day, taking on the burden of supporting prices in the energy market as a “goodwill Continue Reading

Posted On : 6 Jan 2021 Published By : Tom Whipple
Category:
  • Azerbaijan
  • Saudi Arabia

Saudi Arabia’s ACWA Power to Build Wind Park in Azerbaijan

Azerbaijan signed agreements with Saudi Arabia’s ACWA Power for the construction of a 240-megawatt wind park. Azerbaijan’s Energy Minister Parviz Shahbazov and his Saudi counterpart, Crown Prince Abdulaziz bin Salman, attended Continue Reading

Posted On : 31 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco Discovers 4 New Oil And Gas Fields

Saudi Aramco has discovered four new oil and gas fields, the Kingdom’s Energy Minister Abdulaziz bin Salman said, as quoted by the Saudi Press Agency. Two of the fields are Continue Reading

Posted On : 29 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia announces new oil and gas finds, including unconventional resources

Saudi Arabia has discovered four new oil and gas fields, including unconventional resources, the country’s energy minister said Dec. 27. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading

Posted On : 28 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Oil Price Drop Drives Saudi Exports Lower in October

Saudi Arabia’s exports fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices. Exports fell to 57.8 billion riyals ($15.4 billion) Continue Reading

Posted On : 25 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi crude keeps flowing to Red Sea as East-West Pipeline repairs continue

Highlights Pipeline hit by Houthi-claimed attack in May 2019 Reserve pipeline network has restored flows: sources Aramco planning pipeline expansion to 7 million b/d Dubai — Saudi Arabia’s Red Sea Continue Reading

Posted On : 23 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Wealth Fund Put 2008 Crisis Lesson to Use This Time Around – Bloomberg

Having lost out on buying stocks on the cheap during the global financial crisis, Saudi Arabia’s sovereign wealth fund wasn’t going to make the same mistake twice. So, when the Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia’s Crude Oil Exports Inch Up In October

Saudi Arabia’s crude oil exports rose to 6.159 million barrels per day (bpd) in October, up by nearly 100,000 bpd from the 6.066 million bpd exports in September, data from Continue Reading

Posted On : 18 Dec 2020 Published By : Tom Whipple

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