Saudi to cut June oil supply to Asia as local demand rises:
Saudi Aramco will reduce oil supplies to Asia by about 7 million barrels in June, a source said on Tuesday, as the oil giant cuts output as part of global Continue Reading
Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018
Prolonging cuts will speed up rebalancing of market: Novak Saudi Minister Al-Falih confident of agreement to extend Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling Continue Reading
Saudi Arabia Says Oil Curbs Could Extend Beyond End of 2017
Producer group determined to reach goal of reducing stockpiles U.S. shale output has slowed impact of OPEC’s production curbs Saudi Arabia’s oil minister said he’s confident that an agreement by Continue Reading
Saudi oil minister Falih confident output cut deal will be extended by 6 months
Saudi energy minister Khalid al-Falih said Monday at an industry conference in Kuala Lumpur that he was confident that the crude oil output cut deal will be extended by six Continue Reading
Iran warns Saudi prince for bringing ‘battle’ to Iran remark
Iran’s defense minister on Monday lashed back at Saudi Arabia, slamming the kingdom’s deputy crown prince over belligerent comments last week that underscored the deep rivalries between the Sunni and Continue Reading
Saudi Power Struggle Could Destabilize The Entire Middle East
Political instability in Saudi Arabia is growing as King Salman bin Abdulaziz begins to overhaul the Saudi government, putting a long list of family members into positions of influence while Continue Reading
Saudis To Retain Full Control Over Aramco’s Oil After IPO
Saudi Arabia will continue to have full control over the oil wells and production of Aramco, after the much-anticipated initial public offering of around 5 percent of the Saudi oil Continue Reading
Saudi to Keep Full Control of Reserves, Output After Aramco IPO
Government will still own wells, deputy crown prince says Offering about 5% stake in Aramco’s concession in 2018 Saudi Arabia will retain full ownership of its oil and gas reserves Continue Reading
All Eyes On Saudi Arabia As OPEC Begins To Unravel
Has OPEC failed? That’s the question analysts have begun to ask , approaching the group’s next meeting later this month. When the members gather at their headquarters in Vienna, it Continue Reading
Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share
Saudi Arabia lowers pricing for June crude for sale to Asia State-owned Saudi Aramco raises pricing to all other regions Saudi Arabia, the world’s largest crude exporter, cut pricing for Continue Reading