Saudi Arabia Is Bullying OPEC Members Into Compliance
First, they said it nicely: play along and cut to your quotas, or we’ll all suffer low oil prices for longer. Then they put their foot down: start cutting deeper Continue Reading
OPEC News: Saudi Arabia Raises Oil Prices for August Delivery
Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing to recover from its coronavirus-triggered collapse. The move comes Continue Reading
Dozens of U.S. Diplomats to Leave Saudi Arabia as Coronavirus Outbreak Worsens
Dozens of U.S. diplomats and their families are leaving Saudi Arabia this weekend amid a surge in new coronavirus cases, drawing into focus the kingdom’s struggle in containing the outbreak Continue Reading
Saudis Threaten New Oil-Price War With OPEC Brethren
Saudi Arabia has threatened to ignite an oil-price war unless fellow OPEC members make up for their failure to abide by the cartel’s recent production cuts, delegates said. Saudi energy Continue Reading
Iraq Looks To Lure Saudi Investment As It Tries To Comply With OPEC+ Deal
Iraq is looking to attract investment from Saudi Arabia in one of its natural gas fields, Iraqi Deputy Prime Minister and Finance Minister, Ali Allawi, told Bloomberg , while OPEC’s Continue Reading
Aramco CEO Says The Worst Is Over For Oil
The worst in the oil market is over, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, says, adding that he is “very optimistic” for the Continue Reading
Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria
Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in a phone call, the Saudi Continue Reading
Saudi Aramco CEO sees oil demand at 90 mil b/d in COVID-19 recovery
Oil demand has rebounded close to 90 million b/d, partly reversing a slump in consumption caused by the COVID-19 pandemic, Saudi Aramco’s president and CEO Amin Nasser has said in Continue Reading
Saudi Arabia Eyes Total Dominance In Oil And Gas
Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not Continue Reading
Saudi money, US pressure coaxes Iraq on OPEC oil cut compliance
After years of dragging its feet on complying with OPEC oil production quotas, Iraq has taken its biggest steps towards implementing its agreed output cuts, as a campaign of financial Continue Reading