Saudi Oil Minister Tired Of Shale Hype
“Leave us alone and leave all these issues. We had enough of shale oil and talks of shale. Please talk about anything else,” Saudi oil minister Khalid al-Falih said in Continue Reading
Aramco seeks to expand in U.S., says Trump is pro-oil
Saudi oil giant Aramco is looking to expand in the United States where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive, its Continue Reading
Saudi Arabia’s energy minister says IEA overhyped US shale boom
Saudi Arabia’s energy minister took a rare sideways swipe at the International Energy Agency on Wednesday, accusing the body of overhyping the impact of US shale growth on the oil Continue Reading
Saudi Aramco To Expand Business In The U.S. After Tax Bill
“We are looking at new business opportunities in the U.S. and with the tax cuts it will make it much more profitable … It is part of our strategy to Continue Reading
Saudi Arabia May Link Aramco Revenue Royalty To Oil Prices
Saudi Arabia may link the royalty on oil revenue that Aramco currently pays to oil prices, the state oil giant’s chief executive Amin Nasser told Bloomberg in an interview at Continue Reading
Saudis Unmoved By Oil Price Surge
OPEC met over the weekend to monitor the collective production cuts and assess the status of the oil market, and the meeting was shrouded in rumor about the potential cracks Continue Reading
Saudi Arabia deposits $2 billion in Yemen central bank to back currency
Saudi Arabia’s King Salman ordered a deposit of $2 billion to be paid into Yemen’s central bank on Wednesday to shore up the weak Yemeni currency, the Saudi government said. Continue Reading
Saudis To Award Nuclear Power Contracts In December
Saudi Arabia expects to award the contracts for the construction of its first nuclear reactors in December this year, and will be picking bidders from the pool of U.S., China, Continue Reading
Saudi Prince Alwaleed in settlement talks with government: sources
Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on Continue Reading
Saudi Arabia aims to prequalify firms by April or May for first nuclear plant
Saudi Arabia plans to prequalify for bidding firms from two or three countries by April or May for the first nuclear reactors it wants to build, a consultant for the Continue Reading