Saudi Arabia remained China’s top crude oil supplier in March, despite arrivals slipping 1.6% year on year to 1.7 million b/d or 7.21 million mt, the latest data from General Continue Reading
Yemen’s Houthi rebels demanded more concessions from Saudi Arabia, including lifting a five-year blockade, before they would resume United Nations-backed peace talks, raising the risk of a new flare-up of Continue Reading
When the OPEC+ alliance failed to reach an agreement on new output cuts at its meeting in early March, Saudi Arabia immediately pledged to shock and awe the market by Continue Reading
Saudi Arabia has made good on its early-March promise to flood the world with oil, but with demand collapsing and storage filling fast, the world’s top oil exporter must now Continue Reading
Saudi Arabia plans to draw down Riyals 120 billion ($32 billion) from its cash reserves, and increase borrowing this year by Riyals 120 billion, in attempt to stem the damage Continue Reading
Saudi Arabia is exploring re-routing millions of barrels of oil on board tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Continue Reading
By now even the 165,727 “professional investors ” who are long the USO ETF on the free, glitch-prone platform Robin Hood, are aware that the problem facing global oil production Continue Reading
Even if the U.S. government will install an outright ban on Saudi oil, it won’t make much of a difference considering the huge demand destruction and filling storage tanks Desperate Continue Reading
As the oil market meltdown intensified a week after the new OPEC+ production cut deal, Saudi Arabia has hinted for a second time in two weeks that it is ready Continue Reading
U.S. President Donald Trump said he’ll look into a proposal to prevent Saudi Arabian oil from unloading in the U.S. and that he wants to fill the Strategic Petroleum Reserve Continue Reading
