Saudi Arabia Scrambles To Calm Oil Markets
Saudi Arabia, the world’s largest oil exporter, and de facto OPEC leader, is trying to calm global oil market jitters, and at least for now, it’s working. Saudi Arabia’s council Continue Reading
Saudi Arabia Lines Up Deal to Buy U.S. Natural Gas
Saudi Arabia has set up a deal to purchase U.S. liquefied natural gas from Sempra Energy, a new strategic direction for the kingdom as it seeks to establish a footprint Continue Reading
Houthis Threaten Attacks On 300+ Saudi, UAE Targets
The Houthi rebels in Yemen said over the weekend that last week’s attack on an Aramco oil pipeline in Saudi Arabia was the start of military operations against some 300 Continue Reading
Analysis: Saudi energy minister says world does not need any more oil in coming months
Supply risks abound from Iran to Venezuela to Libya and the peak summer oil demand season is just around the corner, but Saudi energy minister Khalid al-Falih still sees a Continue Reading
Hot summer complicates Saudi Arabia’s oil balancing act
Highlights Saudi Arabia to hold production steady in May, June Crude burn set to increase to 491,000 b/d in July, on A/C use Iraq, Kuwait also will consume more crude Continue Reading
Saudi Arabia says oil producers want to reduce inventories
Saudi Energy Minister Khalid al-Falih said on Sunday there was a consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive Continue Reading
Saudi energy minister says attacks put security of oil supply at risk
Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah, Saudi Arabia, May 19, 2019. Saudi Arabian Continue Reading
Saudi Arabia energy minister plays down oil disruption fears
Saudi Arabia’s energy minister said global oil supplies were “plentiful” and inventories needed to shrink, signaling the kingdom’s reluctance to rapidly raise production despite escalating geopolitical tensions and the threat Continue Reading
Analysis: Saudi energy minister says the world does not need any more oil in coming months
Supply risks abound from Iran to Venezuela to Libya and the peak summer oil demand season is just around the corner, but Saudi energy minister Khalid al-Falih still sees a Continue Reading
Saudis make case for keeping oil cuts while Russia open to change
Saudi Arabia’s energy minister Khalid al-Falih on Sunday laid out his case for OPEC and its allies to continue their oil production cuts, despite fraught geopolitics, saying global supplies are Continue Reading