Saudi Arabia Considers Rise in Retail Fuel Prices in 2017
Saudi Arabia is considering increasing retail gasoline and diesel prices in 2017 for the second year in a row, as the world’s top crude exporter pursues a plan to cut Continue Reading
Trump Could Widen Rift With Saudi Arabia
The IPO of Saudi Aramco in 2018 is expected to bring in an all-time high in fees for investment banks that help the oil company go public, a major payday Continue Reading
In Oil Face-Off, Saudis, Shale Both Claim Victory
A two-year battle for global oil supremacy that pit Saudi Arabia, head of the powerful oil cartel, against upstart U.S. shale producers left them both badly wounded but with each Continue Reading
The Oil Mystery Behind Saudi Arabia’s Production Cut
Saudi Arabia surprised the world by helping to engineer an unexpectedly strong agreement from OPEC members to cut production by 1.2 million barrels per day, followed by additional cuts from Continue Reading
Higher Crude Seen Buying Time for Gulf Arabs to Kick Oil Habit
Gulf Arab nations that rely on energy for most of their revenue will benefit if oil prices rise, though their long-term fiscal health hinges on how well they use this Continue Reading
Saudi Oil Minister Sees Commitment to Cuts Ending Glut in Months
OPEC and other major oil producers are committed to a “high level of compliance” with their agreements to cut output, and the shared strategy will balance the market in 2017, Continue Reading
Exclusive: U.S. to halt some arms sales to Saudi, citing civilian deaths in Yemen campaign
The United States has decided to limit military support to Saudi Arabia’s campaign in Yemen because of concerns over widespread civilian casualties and will halt a planned arms sale to Continue Reading
Saudi Arabia engineers big shift in oil market sentiment: Kemp
Saudi Arabia has transformed sentiment in the oil market by assembling an unprecedented coalition of oil producing countries to agree output cuts in 2017. Saudi officials have obtained pledges from Continue Reading
Saudi Said to Tie Crude-Supply Cuts to January Volume Requests
Saudi Arabia, the driver behind the OPEC/non-OPEC agreement to reduce oil production to eliminate a global glut, plans to reduce supplies to customers in January based on requests for shipments, Continue Reading
Aramco Keeps Building Oil Rigs Even as Saudis Agree to Pump Less
Saudi Arabian Oil Co. signed contracts with U.S. companies to build dozens of oil rigs over 10 years as the kingdom builds for the long-term future of its most prized Continue Reading