Saudi Arabia Said to Report Record Oil Output on Summer Demand
Production said to be 10.67 million barrels a day in July Figures were submitted to OPEC, according to two people Saudi Arabia told OPEC that it pumped a record 10.67 Continue Reading
Saudi Arabia Cuts Asian Oil Prices to Counter Rivals Russia, Iraq and Iran
Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to Continue Reading
Saudis Win IMF Praise Two Years After Warnings of Financial Ruin
Medium-term growth needs to be higher to absorb job seekers In October, the International Monetary Fund warned that Saudi Arabia could deplete its financial assets within five years. It’s now Continue Reading
Saudi Arabia Seen Stepping Up Fight Against Bank Cash Crunch
Kingdom takes measures to shore up economy amid low oil prices Banks face liquidity squeeze as government pulls deposits Saudi Arabia may be embarking on a new phase in its Continue Reading
Saudis Lower Oil Price to Asia Most in 10 Months in Sign of Glut
Arab Light crude to Asia cut by $1.30 to $1.10 discount Extra Light, Light pricing for U.S. clients also reduced Saudi Aramco, the world’s largest oil exporter, lowered the pricing Continue Reading
Column: Is Saudi Arabia back in the oil market share game?
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. Sometimes actions really do speak louder than words, with Saudi Arabia’s slashing Continue Reading
Aramco Buyer Beware: The Risky Track Record of Government Oil
Saudi Arabian Oil Co. has captured the oil industry’s attention with plans for an initial public offering that could raise more than $100 billion, but some investors are wary, pointing Continue Reading
Why Saudi Arabia Continues To Pump Crude At Record Levels
Hawtah field As the Financial Times reported on 12 July , Saudi Arabia’s oil-output reached record highs in June 2016. Increasing production 280,000 barrels/day to 10.6m b/d, Saudi Arabia has Continue Reading
Saudi Arabia Boosts Natural-Gas Output
The world’s top crude-oil exporter, Saudi Arabia, has long lagged behind its rivals in natural-gas production. Now, after years of stumbles and missed deadlines, the kingdom is making progress in Continue Reading
Saudi Arabia Offers Hope For An Oil Price Rally
Crude oil prices hit a 10-week low on Tuesday, but one piece of data from Saudi Arabia could provide a glimmer of hope for those longing for an oil price Continue Reading