Saudi Oil Revenue To Surge 66% To $249 Billion On High Prices
Saudi Arabia is expected to see its oil revenues surge by 66 percent this year to around $249 billion on the back of higher oil prices and rising oil production Continue Reading
Saudi Arabia set for oil output capacity above 13 mln bpd by 2027, says minister
Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or Continue Reading
Saudi Aramco net profit soars 82% in Q1 on high oil prices
State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is Continue Reading
Saudis, UAE: The World Has A Serious Energy Spare Capacity Problem
Prince Abdulaziz bin Salman: “The world is running out of energy capacity at all levels,”. Saudis see underinvestment in refining capacity as on of the reasons for soaring fuel prices. Continue Reading
Saudi, UAE energy ministers say NOPEC bill risks destabilizing the oil market
Ministers warn that energy investment at crisis levels No current shortage in the oil market, Mazrouei says OPEC+ blamed unfairly for high prices, Prince Abdulaziz says Targeted by so-called NOPEC Continue Reading
Saudi to Extend Oil Loan to Pakistan, Discussing Dollar Deposits
Saudi Arabia will extend an oil loan facility to Pakistan and is considering rolling over dollar deposits as the South Asian nation looks to rein in one of Asia’s highest Continue Reading
Iran says talks with regional rival Saudi Arabia resumed in Baghdad
Rival regional powers Iran and Saudi Arabia resumed talks in the Iraqi capital after they were suspended in March, Iran’s semi-official Nour News reported on Saturday. There was no confirmation Continue Reading
How U.S.-Saudi Relations Reached the Breaking Point
Saudi Crown Prince Mohammed bin Salman, wearing shorts at his seaside palace, sought a relaxed tone for his first meeting with President Biden’s national security adviser, Jake Sullivan, last September. The Continue Reading
Saudi Economic Growth To Double This Year On High Oil Prices
The IMF is targeting 7.6% growth for the Saudi economy this year, raising its forecast by 2.8%. The increase in oil production and export revenues fuel the Saudi economy. High Continue Reading
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14%, Reuters’ calculations Continue Reading