Trillion-dollar question looms as Aramco audits oil reserves
Listed reserves haven’t changed in nearly 30 years * Falih says reserves could be bigger than those already booked * Disclosures likely to resemble those of BP and Shell * Continue Reading
Saudi Arabia and the war on shale oil that never ended
Last week when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from Continue Reading
Saudi King Visits Japan, Seeks Help on Diversifying Economy
King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Continue Reading
Saudi deputy crown prince to meet Trump, investment in focus
Saudi Deputy Crown Prince Mohammed bin Salman attends a graduation ceremony and air show marking the 50th anniversary of the founding of King Faisal Air College in Riyadh, Saudi Arabia, Continue Reading
Saudi Arabia’s Secret Meetings With The World’s Largest Oil Traders
Something unprecedented happened last November when OPEC sat down in Vienna to hammer out the final terms of its oil production cut deal (which, incidentally, has yet to translate into Continue Reading
Saudi to supply full crude contract volumes to Asia
Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said. Despite commitments to cut production Continue Reading
Saudi Oil Rations Mirror Pricing as Heavy Crudes Cut Over Lights
Saudi Arabia is handing customers in the world’s biggest oil market sweet treats while limiting sour supplies. The producer cut volumes of its Arab Medium and Arab Heavy crude for Continue Reading
Saudi oil min says no ‘free rides’ for non-OPEC producers
Saudi Oil Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving as an agreement to curb supply by OPEC and non-OPEC producers took effect. But he said Continue Reading
Burning less oil at home will help Saudi exports and Aramco IPO
Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in Continue Reading
Saudi Energy Minister Says OPEC Will Remain Stabilizing Force for Oil Prices
Saudi Arabia’s energy minister said Tuesday that the Organization of the Petroleum Exporting Countries will continue to be the world’s “only catalyst” for stabilizing oil prices, but he warned that Continue Reading