Saudi tells OPEC it pumped more oil in May, still below quota: source
Top oil exporter Saudi Arabia has told OPEC that it raised oil output to a little more than 10 million barrels per day (bpd) in May, a source familiar with Continue Reading
Can Saudi Arabia Prevent The Next Oil Shock?
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the Continue Reading
First Saudi Arabian crude import of the year arrives at Louisiana port: In the LOOP
The Louisiana Offshore Oil Port last week received its first Saudi Arabian crude cargo of the year, a stark contrast to 2017, when the terminal had received about 34.3 million Continue Reading
Aramco Separates Non-Oil From Core Oil Assets Ahead Of IPO
Saudi Aramco is restructuring its non-oil businesses into subsidiaries and possible spin-offs as it aims to streamline operations and achieve a higher valuation for its profitable core oil business ahead Continue Reading
Iran slams U.S. for seeking Saudi oil output hike, says OPEC won’t comply
Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said Continue Reading
Saudis Start to Ramp Up Oil Output, Ahead of OPEC Meeting
Saudi Arabia has started boosting oil production after two years of curtailing output, a move that gives Riyadh a jump on other OPEC producers who are expected to open the Continue Reading
Trump reportedly requested Saudi oil support before Iran nuclear decision
A day before U.S. President Donald Trump withdrew from the Iran nuclear deal, one of his senior officials phoned Saudi Arabia to ask the world’s largest oil exporter to help Continue Reading
Saudi Arabia ‘revisiting’ policy on oil output cuts, India says
India’s oil minister said on Wednesday Saudi Arabia and other OPEC producers are “revisiting” their output-cutting policy, referring to a discussion he had with his Saudi counterpart. “For the first Continue Reading
Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day
It all started on April 20, when having tweeted at and about virtually everything else, President Trump realized that surging oil and gasoline prices are wreaking havoc on his economic Continue Reading
Will Saudi Arabia Listen To U.S. Demands For More Oil?
The Trump administration has sent a request to Saudi Arabia for it and the rest of OPEC to boost oil production by 1 million barrels per day (mb/d), according to Continue Reading