Saudi Aramco is preparing to give investors unprecedented access to its accounts, lifting the lid on the world’s biggest oil producer ahead of a planned initial public offering in 2018. Continue Reading
Government has stepped up efforts to tackle oil price fallout Some economists forecasting economic contraction this year The first year of Saudi Arabia’s drive to reduce its oil dependence may Continue Reading
Return of Libya, Nigeria may swell needed cut to 1 million b/d Saudi output reductions may enable revival of U.S. shale oil For OPEC’s production deal to work, it was Continue Reading
Saudi Arabia, the world’s largest crude exporter, cut pricing for November oil sales to Asia and Northwest Europe and for most grades to other regions amid a global supply glut. Continue Reading
Saudi Energy Minister Khalid al-Falih talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016. The Organisation of the Petroleum Exporting Countries surprised Continue Reading
A senior Saudi official, responding to Iranian criticism of Riyadh’s management of the haj pilgrimage, urged Iran to end what he called wrong attitudes toward Arabs and warned it against Continue Reading
U.S. held top spot since April 2014, according to IEA Output in U.S. has dipped by 460,000 barrels a day since May Saudi Arabia has retaken the position of the Continue Reading
Kingdom’s production falls to 10.63 million barrels in August Saudi Arabia pumped record 10.67 million barrels a day in July Saudi Arabia told OPEC that its oil production dropped by Continue Reading
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabia’s crude oil production slipped Continue Reading
Algeria’s energy minister will meet his Saudi counterpart and OPEC’s secretary-general in Paris on Friday as part of moves towards clinching a global deal on stabilizing crude output to support Continue Reading
