Saudi Aramco Set for Chinese Energy Deals
Saudi Arabian Oil Co. is in talks with two of China’s leading energy companies concerning several energy projects to help increase the Saudi state-owned oil group’s sales in Asia. The Continue Reading
Saudis Protect Oil Market Share By Spending Petrodollars In China
The battle to retain and even increase global oil market share is intensifying. Both Saudi Arabia and Russia, the world’s top two crude oil producers, continue to ramp up production Continue Reading
Saudi Arabia and Iran Tussle Over Exports to China
Chinese President Xi Jinping ’s arrival here Tuesday kicked off a trip that puts his country at the center of a clash between Saudi Arabia and Iran over crude-oil sales, Continue Reading
Saudi Oil Exports Climb to Seven-Month High as Refineries Return
Saudi Arabia, the world’s largest crude exporter, shipped the most oil in seven months in November in a sign that overseas refineries were getting prepared to put plants back on Continue Reading
Saudi Arabia’s Efforts to Isolate Iran Face Resistance
Saudi Arabia’s closest allies have sided with Riyadh in its diplomatic standoff with Iran, but the kingdom’s attempts to assemble a broader anti-Tehran bloc are exposing the limits of its Continue Reading
Saudi Oil Minister Says He’s Optimistic Crude Prices to Rise
Saudi Oil Minister Ali al-Naimi said crude prices will rise and foresees that market forces and cooperation among producing nations will lead in time to renewed stability. “I am optimistic Continue Reading
Saudi Arabia: A Weak Kingdom On Its Knees?
The great Kingdom of Saudi Arabia – the long-time dictator of crude oil prices for the world – is struggling on all fronts. The Saudis are losing their proxy wars Continue Reading
Exclusive: Saudi Arabia plans new sovereign wealth fund – sources
Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment banks and consultancies to submit proposals Continue Reading
Saudi Arabia Could List Production Assets in Aramco IPO
Saudi Arabia’s potential sale of shares in its state-owned oil giant could include listing at least part of its exploration and production assets, the company’s chairman said in an interview Continue Reading
Saudis defend fiscal health
The Saudi government said Monday its financial house is in order despite the negative pressure exerted by historically low crude oil prices. The Saudi Arabian Monetary Agency said there were Continue Reading