Saudi Aramco prepares for global expansion as IPO looms
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city in this file photo dated November 11, 2007. Saudi Arabia’s state-owned oil giant Aramco is Continue Reading
Bets for Saudi Devaluation Jump Most in 4 Months on New Governor
Contracts used to bet whether Saudi Arabia will allow its currency to weaken rose the most in four months after the kingdom replaced its central bank governor. Twelve-month contracts for Continue Reading
Saudi Aramco CEO Sees `Significant Growth’ in Oil Output in 2016
Saudi Arabia, the world’s biggest oil exporter, plans “significant growth” in output in 2016 and further international expansion, the head of the country’s state-run producer said, even as global oversupply Continue Reading
Saudi Aramco Likely to Step Up Production
DHAHRAN, Saudi Arabia—Saudi Arabia’s state-owned oil company is likely to increase its production to meet rising demand this year, its chief executive said Tuesday, potentially adding a new flood of Continue Reading
Saudi Aramco to press ahead with oil expansion
Saudi Arabia will continue to meet rising demand for its oil and press ahead with global expansion plans in spite of the “challenging” backdrop for the industry. In some of the Continue Reading
What OPEC Has To Fear From The New Saudi Oil Minister
Khalid Al Falih, Saudi Arabia In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that illustrates the near-total control that the new young Continue Reading
A Glimpse Into What Saudi Arabia’s New Oil Policy Will Look Like
Saudi Oil Minister Following the biggest news of this weekend, the (anticipated) resignation/termination of Saudi Arabia’s longstanding oil minister Ali al-Naimi, everyone has been wondering about what comes next and Continue Reading
Can Iran And Saudi Arabia’s Production Claims Be Believed?
Saudi Arabia And Iran It’s always the ultimate test when trading oil stocks – what to believe and what not to believe. Normally, you take earnings season with a grain Continue Reading
Saudi Minister Has Task of Easing Dependence on Oil
He was known as the “maestro,” the man whose every word was dissected by oil traders and moved markets. For two decades,Saudi Arabia’s oil minister, Ali al-Naimi, was the architect Continue Reading
Saudi Arabia says to maintain stable petroleum policies
Khalid al-Falih speaks to the media at the company’s booth during Petrotech 2014 (a petrochemicals conference) at the Bahrain International Exhibition Centre in Manama May 19, 2014. Saudi Arabia’s new Continue Reading