U.S-Saudi Clash Could Spell Disaster For OPEC
The Khashoggi case is far from over, as current harsh statements coming from Washington are showing. Not only is there a long line of U.S. Senators calling for an in-depth Continue Reading
Saudis, Kuwait Fail To Agree On 500,000-Bpd Joint Oil Fields Restart
Due to operational divergences and geopolitical divisions, Saudi Arabia and Kuwait haven’t made any progress in talks about the potential restart of jointly operated oil fields that analysts were hoping Continue Reading
Saudi Aramco to invest in refinery-petrochemical project in east China
State oil giant Saudi Aramco signed an agreement on Thursday to invest in a refinery-petrochemical project in eastern China, part of its strategy to expand in downstream operations globally. The Continue Reading
The Implications Of A Fractured U.S., Saudi Alliance
After the resurgence of the U.S. oil industry in recent years due to hydraulic fracking and the shale oil revolution, most thought the days of Middle Eastern oil producers, Saudi Continue Reading
Saudi Arabia Calls The End Of Russia’s Oil Prowess
Saudi Arabia has not only called the end of Russia’s prominence as a global oil behemoth, but anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within Continue Reading
Saudi Arabia minister offers to continue to serve as oil cushion, calming markets
Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid Al-Falih, said his country is willing to continue to prop up the global oil business, even as political concerns stemming from Continue Reading
Trump signals backing of Saudis over Khashoggi disappearance
Donald Trump dispatched his top diplomat to Saudi Arabia to “get to the bottom” of the disappearance of dissident Jamal Khashoggi even as the US president signaled he was prepared Continue Reading
Saudis Weigh Saying Journalist Was Killed by Mistake
It’s unclear if and when the Saudi statement would be released, and its content hasn’t been finalized, the people familiar with the matter said. The Saudi government didn’t respond to Continue Reading
Will The U.S.-Saudi Spat Upend Oil Markets?
Saudi Arabia all but threatened to drive up oil prices if the U.S. took any action to penalize it over the apparent killing of a Saudi journalist. The not-so-subtle threat Continue Reading
Saudi Arabia hits back at Trump’s ‘punishment’ warning
Saudi Arabia has threatened to use its economic muscle to respond to any punitive measure taken against the kingdom in the wake of the disappearance of a prominent journalist. In Continue Reading