China’s Sinopec, Asia’s largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher-than-expected prices, an official from Continue Reading
Saudi companies are prepared to invest billions in petrochemicals production in Texas, taking advantage of the abundance of cheap natural gas in the Permian and elsewhere in the shale patch, Continue Reading
– Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company’s Continue Reading
Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, Continue Reading
State oil giant Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar Continue Reading
In an unexpected move seen as bullish by futures traders, Saudi Aramco lifted the official selling price (OSP) of its flagship Arab Light crude grade to Asian customers for May Continue Reading
Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next Continue Reading
SINGAPORE (Reuters) – Asian oil traders are stumped by how Saudi Arabia derived its official selling prices (OSP) for May after the world’s top oil exporter unexpectedly raised the price Continue Reading
An oil tanker moving through the Red Sea suffered only minor damage after it was attacked by Houthi rebels in Yemen, the Saudi government said. Col. Turku al-Maliki, spokesman for Continue Reading
Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC+ oil production cut deal two years ago when it was first being hatched. Now, with the Continue Reading
