Saudis Overtake U.S. In Recoverable Oil Resources
Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant Continue Reading
Saudi Arabia’s Mohammed bin Salman appointed Crown Prince: SPA
Saudi Crown Prince Mohammed bin Nayef has been relieved of his post and replaced by Deputy Crown Prince Mohammed bin Salman, a royal decree published by state news agency SPA Continue Reading
Saudi King Salman Ousts Nephew as Crown Prince, Installs Son
Saudi Arabia’s King Salman named his son as the country’s new crown prince, the country’s state news agency said Wednesday, a move that carries far-reaching implications for the monarchy and Continue Reading
Why Is Saudi Arabia Desperate For Higher Oil Prices?
As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the Continue Reading
Saudis Foil Attack By Unknown Enemy On Offshore Oil Field
After last week’s attack on several vessels in the Bab Al Mandab, Middle East offshore oil operations again have been hit. According to Saudi Arabia’s national news agency SPA an Continue Reading
Oil market fundamentals heading in right direction – Saudi’s Falih
File Photo – Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. Saudi Energy Minister Khalid al-Falih said the Continue Reading
Oil market fundamentals heading in right direction – Saudi’s Falih
File Photo – Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. Saudi Energy Minister Khalid al-Falih said the Continue Reading
Are Russia And The Saudis Planning A Natural Gas Cartel?
The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. Continue Reading
Saudi Arabia’s oil exports seen below 7 million bpd in summer: sources, data
Saudi Arabia’s crude exports are expected to fall below 7 million barrels per day this summer, according to industry sources familiar with the matter, and shipping data so far supports Continue Reading
Saudi Aramco IPO Plans Slowed Over Where to List
A divide between Saudi Arabia’s ruling family and executives of the kingdom’s oil company over where to list the company’s shares is slowing the march toward a planned 2018 initial Continue Reading