Saudi Arabia To Move Beyond Oil And Islam
Crown Prince Mohammed bin Salman announced the coming creation of a $500 billion business and industrial megacity that links Saudi Arabia, Egypt, and Jordan together by focusing on growth in Continue Reading
Saudi determined to end oil glut, sees smooth exit for OPEC pact
The world’s top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the Continue Reading
Saudi crown prince: oil demand will increase in 2030-2040
Demand for oil will increase between 2030 to 2040 because there will be a need from petrochemical and other industries, not just for energy production, Saudi Arabia’s crown prince said Continue Reading
Aramco CEO Warns Of Imminent Oil Supply Crunch
As much as US$1 trillion of investments has either been deferred or canceled with the lower-for-longer oil prices, and this underinvestment will impact the future of energy, Amin Nasser, the Continue Reading
Expect New Aramco IPO Details This Week
Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a Continue Reading
Aramco: Mass EV Adoption Still Decades Away
Though electric vehicles are gaining popularity worldwide, Saudi Aramco CEO Amin Nasser believes that the new cars will not compose a significant portion of on-road vehicles for decades, according to Continue Reading
Saudi Aramco’s IPO Has Never Been Linked To Oil Prices, CEO Says
Contrary to what oil market observers have been saying for months, the plans for listing 5 percent in Saudi Aramco have never been connected to the state of the oil Continue Reading
Saudi Crown Prince Tells Investors He’s Taking On Extremists
Mohammed bin Salman vows to return country to ‘moderate’ Islam Comments follow announced reforms in women’s rights, oil It was a comment that stunned the people in the room. At Continue Reading
The ‘sweet spots’ fueling the US shale oil boom ‘will not last forever,’ Saudi Aramco CEO says
Saudi Aramco’s CEO says he does not worry about the booming U.S. shale oil output. The “sweet spots” that American frackers are focusing on will eventually deplete, forcing them to Continue Reading
Saudi Aramco CEO Affirms IPO On Track For H2 2018
Saudi Aramco has once again refuted reports of the past month that it could delay the listing of 5 percent of its shares in what is expected to be the Continue Reading