Russia sees oil leverage with Saudi partnership
The head of Russia’s sovereign wealth fund said cooperating with Saudi Arabian Oil Minister Khalid al-Falih has been fruitful. File Photo by Lisi Niesner/EPA June 25 (UPI) — The head Continue Reading
Saudis, Saying They Heard Price Complaints, Are Raising Oil Production
Khalid al-Falih, the Saudi energy minister, before the start of the meeting of the Organization of the Petroleum Exporting Countries on Friday. VIENNA — Saudi Arabia said on Saturday that Continue Reading
Saudi pledges ‘measurable’ oil supply boost as OPEC, Russia agree deal
OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers. The Organization Continue Reading
Saudi Arabia Gets Boost From New Market Reclassification
On Wednesday, MSCI said that it would reclassify Saudi Arabia as an emerging market, a move that will bring billions of dollars of inflow to the oil producing country. The Continue Reading
Saudi Aramco eyes presence in India’s entire energy sector, says CEO
Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire “value chain” of India’s energy sector, its Chief Executive Officer Amin Nasser said on Monday in Continue Reading
Saudi Aramco Clears Another IPO Hurdle
Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco’s initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports . Continue Reading
Iran resists Saudi-led push to increase oil output
Iran’s oil minister is resisting a Saudi Arabia-led push to raise crude output, putting the two Middle East rivals on a collision course ahead of a closely watched Opec meeting Continue Reading
Saudi struggles for Gulf oil producers’ support ahead of OPEC meeting
Saudi Arabia is struggling to convince fellow OPEC members including Gulf allies on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications Continue Reading
Saudi Arabia’s Economic Revamp Means More Jobs for Saudis—If Only They Wanted Them
Ahead of its planned opening this fall, Nobu needs to assemble a staff of around 300 people, and under the law around 40% must be Saudi. Some jobs, such as Continue Reading
U.S. Overtakes Saudi Arabia In Recoverable Oil Reserves
The United States has again outstripped Saudi Arabia as the holder of the world’s biggest recoverable oil resources with current technology, largely due to the doubling of fracking operations in Continue Reading