Saudi Arabia Will Cap The Oil Price Rally
The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million barrels per day Continue Reading
Saudi, UAE overstate their oil capacities: Iran oil minister
Iranian Oil Minister Bijan Zanganeh said Saudi Arabia and the United Arab Emirates overstate their oil capacities, Iran’s state news agency IRNA reported on Friday. The comments were in reaction Continue Reading
Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever
Things are starting to look good financially for Saudi Arabia again – very good. The de facto OPEC leader and world’s largest oil exporter said today it posted a budget Continue Reading
The Biggest Winner Of Trump’s Waiver Decision
The Saudi state news agency reported today that the Kingdom is happy with Washington’s decision to not extend the waivers for Iran oil sanctions that it had granted to eight Continue Reading
Aramco’s bond is ‘only the beginning’, Saudi energy minister says
Saudi Aramco, the world’s biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was “only the beginning”, Saudi Energy Continue Reading
Saudi’s Falih: no need for immediate action after end of Iran oil waivers
Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added Continue Reading
Saudi Arabia, Iraq Prepared To Reverse Oil Production Cuts
Saudi Arabia is ready to start pumping more oil if the United States indeed ends the sanction waivers they granted eight Iranian oil importers last November, Reuters reports , citing Continue Reading
Saudi ability to blunt Iran sanctions impact complicated by output cut talks, disruptions: analysts
Highlights Saudis cannot commit to specific output pledge Falih says Saudis monitoring market Coordination on Iran may increase Venezuela, Libya risk Washingtron — The expected oil supply impact of a Continue Reading
Can Saudi Arabia Still Sway The Oil Market?
Saudi Arabia, the world’s top oil exporter and OPEC’s largest producer, has influenced the oil market and oil flows since the middle of the 20th century. Shortly after the 21st century began, Continue Reading
Aramco to buy Shell’s stake in Saudi refining JV for $631 million
Saudi Aramco will acquire Royal Dutch Shell’s ( RDSa.L ) 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The Continue Reading