Saudi Arabia aims to keep crude in $70 to $80 band: sources
Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid Continue Reading
Saudi Aramco Signs Deal With Baker Hughes To Boost Offshore Oil Production
Saudi Aramco awarded on Tuesday to Baker Hughes the first integrated services contract for capacity expansion of its large offshore Marjan oilfield, the Saudi firm’s biggest upstream development this year Continue Reading
Houthis Claim Successful Attack On Aramco Oil Facility
Yemen’s Houthi rebels have claimed a successful attack on an unidentified oil facility of Saudi Aramco in Jizan, according to a report in Iranian state news agency IRNA. The strike Continue Reading
Saudi Oil Income Could Reach $161B This Year
Saudi Arabia could earn US$161 billion (605 billion riyals) this year from crude oil sales, versus a budgeted US$131 billion (492 billion riyals), local financial services provider Al Rajhi Capital Continue Reading
Saudi Aramco says awards Baker Hughes services contract for Marjan field
Saudi Aramco has awarded Baker Hughes an integrated services contract for its Marjan oilfield, the Saudi state oil giant said in statement on Tuesday. The oilfield is one of the Continue Reading
Saudi Arabia Plans to Dig Canal Turning Qatar Into an Island
A senior Saudi official has appeared to confirm Riyadh’s plans to dig a canal separating Qatar from the mainland, turning it into an island. Qatar has been diplomatically isolated from Continue Reading
Saudis Boosted Oil Production To 10.424 Million Bpd In August
Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported on Friday, quoting an Continue Reading
Oil Giant Saudi Aramco Wants to Become a King of Patents
Technologies “provide a competitive advantage…whether it’s for one shareholder or several shareholders,” said Aramco’s Chief Technology Officer Ahmad Al-Khowaiter in an interview at the company’s Dhahran headquarters. Creative Energy State-run Continue Reading
CIA and Saudi Arabia Conspired To Keep 9/11 Details Secret
It’s easier to bury uncomfortable facts than to confront them. So this September 11, the ceremonies marking the 2001 attacks on New York and Washington, D.C., will simply honor the Continue Reading
Will Saudi Arabia’s Geopolitical Strategy Backfire?
Russian Deputy Foreign Minister Mikhail Bogdanov said on Friday that Vladimir Putin is preparing to visit Saudi Arabia. The statement comes after the Russian president received an invitation from Saudi Continue Reading