Saudi Aramco bets on oil supply to Europe, trading expansion
Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an Continue Reading
Saudi Arabia shuts oil pipeline after attack in latest sign of rising Middle East tensions
Highlights Houthis claim drone attack on pipeline East-West line pumps around 2 million b/d Tensions rising over Iran sanctions Tensions over threats to oil flows from the Middle East escalated Continue Reading
Saudi Tanker Attack Reveals Oil Market Weakness
Oil prices jumped on Monday on news that two Saudi oil tankers were supposedly attacked near the Persian Gulf, raising fears that supply may be at risk. Two Saudi oil Continue Reading
Saudi Arabia says oil tankers hit off UAE coast, Iran calls for probe
Saudi Arabia said on Monday that two Saudi oil tankers were attacked off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of Continue Reading
Oil prices rise as Middle East tanker attack increases supply concerns
Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the Middle East even as investors and traders fretted over global economic growth Continue Reading
Saudi Oil Tankers Attacked Before Entering Persian Gulf
Two Saudi Arabian oil tankers suffered significant damage in an attack over the weekend near the Strait of Hormuz, the kingdom’s energy minister said, amid heightened military tensions in the Continue Reading
Ship sabotage in UAE adds to Gulf oil supply risks
Saudi Arabia’s oil minister Khalid Al Falih condemned a “sabotage attack” on Sunday involving two of the kingdom’s oil tankers off the coast of Fujairah, UAE, near the world’s biggest Continue Reading
The Oil Kingdom Enters A New Era
Saudi Crown Prince Mohammed bin Salman’s largely self-inflicted losing streak appears to have come to an end, and just in the nick of time, with arch-nemesis Iran in the process Continue Reading
Saudis Get ‘’Moderate’’ Requests To Replace Lost Iranian Oil Supply
Saudi Arabia has received several “moderate” requests to replace Iranian oil next month, Bloomberg reports , citing an anonymous source familiar with Riyadh’s oil plans. The report comes on the Continue Reading
To Make Up For Gap In Iranian Crude, Saudi Aramco Offers To Increase Oil Supplies To India By 200,000 BPD
Saudi Arabia Deputy Crown Prince Mohammed bin Salman (Nicolas Asfouri – Pool/Getty Images) Saudi Arabia has come to the rescue for India as Iranian oil shipments have come to an Continue Reading