Saudi Aramco vowed there will be no disruption in its oil and gas supplies to customers even as international borders have closed and transportation venues cut off. Receive daily email Continue Reading
U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one of his own Republican Continue Reading
Saudi Arabia and Russia must have anticipated an oil price crash when they broke up their three-year-long bromance to push up oil prices. Two weeks later and nearly 4 million Continue Reading
The United States believes Saudi Arabia’s flooding of global oil markets compounds the global economic crash at a time of a crisis caused by coronavirus and intends to send a Continue Reading
Since 2016, as an informal leader of the 13-strong non-OPEC group, Russia has been instrumental in the pricing of oil as Saudi Arabia, leading producer in the Organization of Petroleum Continue Reading
WTI dropped into the low $20s on Wednesday, and the near-term outlook is grim. Oil lobbyists have pushed Congress for help, and a group of Republican Senators pleaded in a Continue Reading
Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the Continue Reading
Saudi Arabia’s Ministry of Energy has instructed Aramco to continue to supply 12.3 million b/d of crude to the market “during the coming months,” according to an announcement on the Continue Reading
Saudi Arabia said on Tuesday that mosques would no longer receive worshippers for the customary five daily prayers or the weekly Friday congregation, aimed at limiting the spread of the Continue Reading
After having instructed Aramco to boost production to unseen levels, Saudi Arabia now plans to boost oil exports in May to a record 10 million barrels per day, causing oil Continue Reading
