Saudi Aramco’s major buyers in Asia are receiving full allocations for Saudi crude oil loading in July, with some Japanese refiners even getting higher volumes, according to market sources. Traders Continue Reading
One trillion dollars, one trillion problems: Saudi Aramco weighs which exchange is worth the gamble for its IPO. Around the world, investment bankers rub their hands together, giddy with visions Continue Reading
Saudi Arabia is slashing its U.S. oil exports to a nearly three-decade low for this time of the year, intensifying its efforts to reduce a global supply glut that has Continue Reading
President of the OPEC Conference and Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid Al-Falih speaks during a news conference at OPEC headquarters in Vienna, Austria, on May 25. Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih, talks to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. Continue Reading
Saudi camp has the numbers but standoff could scare investors A new faultline emerges in Middle East already torn by war Saudi Arabia dwarfs Qatar on almost any measure, yet Continue Reading
There is no evidence the global oil producers’ pact needs to be adjusted now, Saudi Arabian Energy Minister Khalid al-Falih said on Saturday, describing the recent weakness in crude prices Continue Reading
It was a dismal day for OPEC when it met in Vienna to extend its output deal. Despite an agreement to limit supply for another nine months — a move Continue Reading
Saudi Arabia’s de facto head of government, Deputy Crown Prince and Defense Minister Prince Mohammed bin Salman bin ‘Abd al-’Aziz al Sa’ud, has gambled the survival of the House of Continue Reading
OPEC and the non-OPEC producers that are part of the production cut deal may consider deepening the output cuts at the cartel’s next meeting in Vienna in November, Saudi Arabia’s Continue Reading
