An Oil Deal Between Saudi and Russia Worked. Now What?
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
Should Saudi Arabia Fear Higher Oil Prices?
You have to hand it to Saudi Arabia. After struggling in global oil markets from 2015 to early 2017, the Kingdom can arguably be called “the comeback kid.” However, the Continue Reading
Saudi oil minister says more work needed to lower inventories
Saudi Arabia’s Energy Minister Khalid al-Falih said on Friday global oil inventories had declined from their peak but had not yet fallen far enough. “Today (inventories) are still about 2.8 Continue Reading
Exclusive: OPEC’s new price hawk Saudi Arabia seeks oil as high as…
Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes Continue Reading
An Oil Deal Between Saudi and Russia Worked. Now What?
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
Can Saudi Arabia Afford Its Megaprojects?
Most headlines with “Saudi Arabia” in them seem to feature a hefty sum of money. A US$500-billion smart city here, a US$200-billion solar project there–it’s beginning to look like Saudi Continue Reading
Can The World’s Most Profitable Company Justify Its Valuation?
One of the best kept secrets in oil over the past decades has been how much money Saudi oil giant Aramco has been making from extracting what’s probably the lowest-cost Continue Reading
Oil Prices Surge After Houthi Missile Attacks On Riyadh, Aramco Facilities
The Royal Saudi Air Defense intercepted at least one ballistic missile over Riyadh on Wednesday. Multiple blasts were heard, and plumes of smoke could be seen from the capital. Yemen’s Continue Reading
Saudis Shoot Down Missiles, Drones as Middle East Tensions Flare
Yemen Houthis say missile to Riyadh targeted defense ministry Rebels have stepped up missile attacks agianst Saudi targets Saudi Arabia said it intercepted ballistic missiles and shot down drones sent Continue Reading
Saudi Arabia’s $80 Oil Target Could Backfire
Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil Continue Reading