The energy minister of Saudi Arabia, the world’s largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that Continue Reading
Just two months after his appointment as Saudi Arabia’s oil minister, Khalid al-Falih last week visited China and South Korea, seeking ways to expand trade flows and explore investment prospects, Continue Reading
Has Saudi Arabia already switched tack and started to surreptitiously balance supply and demand in the crude oil market? One of the persistent themes of crude oil markets since the Continue Reading
Arab Light crude premium to Asia declines by 40 cents a barrel Prices in Mediterranean mostly cut, NW Europe mostly increased Saudi Arabia, the world’s largest crude exporter, cut all Continue Reading
The initial public offering of Saudi Aramco is likely to push the global market for crude oil toward the supply side and erode OPEC’s influence, analysis finds. An economic agenda, Continue Reading
The tensions unsettling the Saudi royal family became clear in September, when Joseph Westphal, the U.S. ambassador to Riyadh, flew to Jiddah to meet Crown Prince Mohammed bin Nayef, nominally Continue Reading
The U.S. has seen several weeks in which the levels of crude oil sitting in storage have declined, falling from 80-year record highs. Inventories have dropped more than 10 million Continue Reading
Companies agree to study chemicals complex in Saudi Arabia Kingdom seeking to build manufacturing based on oil, chemicals Saudi Arabian Oil Co. and Saudi Basic Industries Corp. are one step Continue Reading
Last week, my article on the Saudi Arabian oil and solar outlook, titled Saudi Arabia’s Solar Planning Is Paved in Oil Production , certainly shook up a hornet’s nest in Continue Reading
Saudi Arabia, a country nearly synonymous with plentiful crude supplies, is offering one of the strongest signs yet that the glut that has plagued the oil market since 2014 is Continue Reading
