The Iran-aligned Houthi rebels in Yemen say that they targeted Saudi Aramco’s refinery in the Saudi capital Riyadh with a long-range drone on Wednesday, Houthi-run media outlet Almasirah reported . Continue Reading
Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to Continue Reading
Saudi Arabia will be “reluctant to exhaust” its “substantial” spare capacity, according to oil and gas analysts at BMI Research. “Questions are being asked as to the extent to which Continue Reading
It was the moment Saudi Arabia’s reforming young prince told the world he meant business. In early 2016, Mohammed bin Salman said he planned to sell shares in the kingdom’s Continue Reading
The oil industry risks a supply crunch as big energy companies focus on US shale and other short-term efforts over the long-term mega-projects seen in years past, the head of Continue Reading
“Everyone is almost certain it (IPO) is not going to happen,” a senior Aramco executive told the Wall Street Journal yesterday, confirming already existing doubts about the deal that all Continue Reading
Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government officials and people close to Continue Reading
Saudi Arabia has turned its oil market fortunes around over the past 1 ½ years. From facing potential financial collapse due to a historic supply overhang of crude on the Continue Reading
Public listing preparations of state-run Saudi Aramco have stalled, the Wall Street Journal reported on Thursday. Aramco, the world’s biggest oil producer, has been expanding its global footprint by signing Continue Reading
ABU DHABI (Reuters) – from the level it said it produced in May, OPEC sources told Reuters on Thursday. Saudi Arabia’s total supplies to the market in June were even Continue Reading
