Saudi Arabia Still Bears Brunt of Oil Cuts as OPEC Output Drops
Citi’s Ed Morse Says OPEC Is Losing Its Clout Saudi Arabia continued to lead OPEC’s efforts to cut production, helping the organization get closer to a goal set out in Continue Reading
Saudi Aramco Offers Crude Discounts in Every Region
Saudi Arabian Oil Co. has lowered prices for almost all of its crude grades for April delivery. The world’s largest oil exporter, known as Saudi Aramco, said on Thursday that Continue Reading
Saudi Arabia Oil Tanker Tracking Shows Another Slide in Exports
Saudi Arabia’s shipments of crude oil fell last month, indicating OPEC’s biggest producer is continuing to cut supplies by more than it originally pledged. The world’s largest crude exporter shipped Continue Reading
Saudi King Goes East In Search Of Friends And Cash
The Saudi King kicked off a month-long tour of Asia this week, as the oil kingdom looks to bolster ties in the east as it loses confidence in the U.S. Continue Reading
Saudi Arabia Bulks Up in Asia to Boost Appeal Before Oil IPO
Saudi Arabian Oil Co. bought half of a Malaysian oil refinery and petrochemical plant as it prepares for what may be the biggest ever initial public offering by bulking up Continue Reading
Trillions or Billions – What Is Aramco’s IPO Actually Worth?
Since Saudi Arabia said last year that it planned to sell a small portion of its crown jewel Aramco, analysts and industry specialists have been questioning the Kingdom’s evaluation of Continue Reading
Saudi Aramco buys $7 billion stake in Petronas’ RAPID refinery project
Saudi oil giant Aramco IPO-ARMO.SE will buy an equity stake in Malaysian firm Petronas’ refining and petrochemicals project in the southeast Asian country, the companies confirmed on Tuesday, investing a Continue Reading
Exclusive: Saudi Arabia wants oil prices to rise to around $60 in 2017 – sources
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the Continue Reading
Cooking The Books? Saudi Aramco Could Be Overvalued By 500%
The world’s most valuable oil company, Saudi Aramco, is approaching its first IPO in 2018, as the government of Saudi Arabia prepares to sell off portions of the company in Continue Reading
Saudi Arabia and Iraq Crude Exports to US Hit Five-Year High
Crude oil imported to the United States from Saudi Arabia and Iraq combined has reached a peak not seen since 2012, but the U.S. Energy Information Administration says the volume Continue Reading