Saudis May Have Called the End of the Oil Glut Too Early: Chart
The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the Continue Reading
The Oil Glut Is Over, Says World’s Most Powerful Oil Man
Newly appointed Saudi Oil Minister Khalid Al-Falih declared the oil glut over during a visit to Saudi Aramco facilities in Houston, Texas, today. Speaking to the Houston Chronicle about the Continue Reading
Saudi may return to market balancing role post recovery: energy minister
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, in this June 23, 2008 file photo. Saudi Arabia, the world’s Continue Reading
Saudi Crude Exports Fall to 6-Month Low as Refineries Cut Back
Saudi Arabia, the world’s biggest crude exporter, cut shipments in April to the lowest level in six months as overseas refineries bought less due to seasonal maintenance and the kingdom Continue Reading
Saudi Arabia’s crude oil exports fall in April despite high output
Saudi Arabia’s crude oil exports in April fell despite high production levels, while more crude was used domestically for power generation and to feed rising demand from local refineries. Crude Continue Reading
To Avoid The Oil Curse, Russia Needs To Take A Leaf Out Of The Saudi’s Book
When Deputy Crown Prince Mohammed bin Salman first announced the Kingdom’s post-oil blueprint in April many commentators were skeptical . Saudi Arabia, they said, has been talking about ditching its Continue Reading
Saudi deputy crown prince promotes his bold reform plans in US
Mohammed bin Salman, Saudi Arabia’s powerful deputy crown prince, has taken his plan to transform the oil-dependent kingdom to the US as he attempts to sell his bold vision and Continue Reading
Saudi prince in charge of economy, defense to meet Obama on U.S visit: report
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman chairs a meeting for the Council of Economic and Development Affairs, in Jeddah, Saudi Arabia June 5, 2016. Saudi Press Agency/Handout via Continue Reading
Saudi Arabia To Tax Foreign Residence As Oil Crisis Continues
The troubles that Saudi Arabia has been facing due to the plunge in oil prices have been discussed many times, most recently when Saudi authorities ordered banks to stop allowing Continue Reading
Saudi Aramco IPO: Wall Street’s White Whale
Some deals only happen once in a blue moon. Others only come around once in a generation. But the one Wall Street bankers are eyeing in the deserts of Saudi Continue Reading