Disappearance Of Saudi Journalist Could Rock Oil Markets
In the “World is Not Enough”, British spy James Bond takes on international oil cartels and illegal operators. The fiction of the story is clear to all, but the underlying Continue Reading
Saudi threatens to respond after Trump’s warning over Khashoggi, citing its ‘vital role in global economy’
Saudi Arabia has warned of “its influential and vital role in the global economy” after US President Donald Trump said the kingdom could face severe consequences following the disappearance and Continue Reading
Western walkout of Saudi ‘Davos in the Desert’ conference over Jamal Khashoggi undermines kingdom’s modernization plans
The growing number of Western companies distancing themselves from Saudi Arabia over the alleged killing of dissident Jamal Khashoggi is undermining the kingdom’s push to diversify its economy beyond oil Continue Reading
Khashoggi case drives growing exodus from Saudi business ventures
Sir Richard Branson, World Bank president Jim Yong Kim and Uber chief Dara Khosrowshahi are among a growing number of executives to distance themselves from Saudi Arabia’s business ventures amid Continue Reading
Saudi Journalist’s Disappearance Sends Chill Through Foreign Investors, Firms
Former U.S. Energy Secretary Ernest Moniz this week suspended his work on Saudi Arabia’s new futuristic city, Neom, citing “deep concerns” over Mr. Khashoggi. Dan Doctoroff, the founder of Sidewalk Continue Reading
BP Chief: Saudi Arabia Is Holding Back Production
“I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil & Money Continue Reading
Total, Saudi Aramco sign accord to build petrochemical complex
France’s Total and Saudi Aramco inked an accord for the front-end engineering and design of a new petrochemical plant in an eastern province of Saudi Arabia. The agreement represents a Continue Reading
Saudi Arabia to supply about 4 million barrels of extra oil to India in November: sources
Saudi Arabia, the world’s biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said Continue Reading
Tehran says Saudi Arabia unable to replace lost Iranian oil
Iran’s Oil Minister Bijan Zanganeh has dismissed as “nonsense” claims by the Saudi crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market. “(Mohammed) bin Salman’s remarks Continue Reading
Iran: Saudis Aren’t Replacing Our Oil Exports
The market will never buy Saudi Arabia’s claim that it has been compensating for the loss of Iran’s oil exports, Iranian Oil Minister Bijan Zanganeh said on Monday, adding that Continue Reading