Officials from Saudi Arabia and Kuwait, key protagonists in shaping OPEC policy, said oil at $50 to $60 a barrel would ensure adequate global supply, setting out a potential price Continue Reading
OPEC oil Saudi Arabia pumped a daily average of 10.63 million barrels of crude in August, a 400,000 bpd decline on peak production in July, prompted by seasonally high demand. Continue Reading
Interbank lending rates extend advance as liquidity tightens Central bank pledge of $5.3 billion failed to ease crunch Saudi Arabia has work to do to ease pressure in the kingdom’s Continue Reading
Information about Saudi Aramco IPO advisors to be released soon Saudi Aramco plans to sell shares in its entire business, the company’s CEO Amin Nasser said. When the IPO was Continue Reading
Saudi Oil Minister As Saudi Arabia leads the Organization of Petroleum Exporting Countries in developing a six-month freeze deal, investors and industry officials should consider one key factor before rocking Continue Reading
Tensions over Syria sparked fears IMF loan would be delayed El-Sisi says oil product shipments are commercial matter Egyptian President Abdel-Fattah El-Sisi said Saudi Aramco’s decision to halt oil product Continue Reading
Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Continue Reading
Suspension of Aramco aid confirmed by Egyptian Oil Ministry Egyptian pound plunges to record in black-market trading Egyptian stocks declined for a second day and the currency fell to a Continue Reading
Saudi Arabia and Russia, the world’s two largest crude oil producers, said they’re ready to cooperate to limit output, helping send prices to a one-year high in London. Khalid Al-Falih Continue Reading
Crude oil prices erased a pronounced slump in early Monday trading after Russia signaled it would join a production agreement reached last month in Algeria. Oil prices traded in the Continue Reading
