Saudis Further Discount Crude To Asia
In a bid to defend its Asian market share amid OPEC’s production cuts, Saudi Arabia is lowering yet again the official selling prices (OSPs) for the crude grades it sells Continue Reading
Saudi Arabia may cut June light crude prices to nine-month low
Top oil exporter Saudi Arabia is expected to cut the price of its flagship Arab Light by 40-50 cents a barrel in June to the lowest in nine months, a Continue Reading
Saudi Aramco to boost oil loading capacity with reopened terminal
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil Continue Reading
Saudi Aramco CEO Says Peak Oil Demand Is a Misleading Theory
Petroleum use will keep growing for decades to come: Nasser World’s largest producer remains on track for IPO next year The boss of Saudi Arabia’s state oil company defended petroleum Continue Reading
Saudi Forces Foil Attempted Attack on Aramco Oil Product Center
Remote-controlled boat laden with explosives intercepted Saudi Arabia building 400,000 barrels/day refinery in Jazan Saudi Arabia’s security forces foiled an attempt to blow up an oil product distribution center in Continue Reading
Saudi Arabia Sees 7,000 Jobs Coming From Solar Program by 2020
Three tenders scheduled for 3.45 gigawatts of photovoltaics Aim is to cut domestic use of crude, diesel and fuel oil Saudi Arabia is hoping its solar-power program will generate 7,000 Continue Reading
Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts
‘OPEC market share battle hasn’t gone away’: ENBD’s Bell China data for March show Iraq, Iran boosting crude sales Saudi Arabia, the world’s biggest crude exporter, is losing market share Continue Reading
Aramco Insiders Suggest The Company May Not Be Worth $2 Trillion
As Saudi Arabia’s deputy crown prince, Mohammad bin Salman Al Saud, pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its Continue Reading
For Aramco Insiders, Prince’s $2 Trillion IPO Valuation Doesn’t Add Up
Officials at Saudi Arabian Oil Co. have told their superiors there is a hitch in the plans to take the state-owned oil company public: It is likely worth at least Continue Reading
Saudi Arabia, Kuwait signal likely extension of oil supply cuts
Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers Continue Reading