The world needs to invest US$25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World Continue Reading
No compatible source was found for this media. Saudi Aramco CEO: Oil-Tax Rate Would Be Reduced for IPO Saudi Arabia has promised it will reduce the overall tax rate paid Continue Reading
Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC’s plan to Continue Reading
The International Monetary Fund cut its growth outlook for Saudi Arabia on lower oil production, underscoring the challenges facing the kingdom as it seeks to overhaul its economy. Gross domestic Continue Reading
Saudi Arabia says OPEC is on track to wrap up its production curbs by the middle of the year. That would leave its aim of clearing a global oil glut Continue Reading
Saudis Seek Up to $50 Billion for Renewables Plan Saudi Arabia will start soliciting bids in the next few weeks for the first phase of a “massive” renewable-energy program costing Continue Reading
OPEC and non-OPEC producers are unlikely to extend their agreement to cut oil output beyond six months, because of the level of compliance with the deal and the rebalancing of Continue Reading
OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given the level of their compliance with the reductions and the outlook for Continue Reading
Oil prices were steady on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market. U.S. Continue Reading
Faisal Al Nasser Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he still expected national oil giant Saudi Aramco IPO-ARMO.SE to conduct a public offer of its shares Continue Reading
