Saudi Arabia’s biggest oil field is fading faster than anyone guessed
It was a state secret and the source of a kingdom’s riches. It was so important that US military planners once debated how to seize it by force. For oil Continue Reading
Saudi Oil Exports Fall Below 7 Million Bpd In February
Saudi Arabia continued to slash its oil exports as this year progressed, with February crude shipments dropping by 227,000 bpd from January to just below 7 million bpd, as the Continue Reading
Oil market likely to be well balanced in 2019, says Saudi energy adviser
Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be “well balanced” this year. “This year, we have seen the implementation Continue Reading
Why Aramco Wants In On India’s Largest Refining Company
Saudi Arabia’s oil giant Aramco is in “serious discussions” to buy up to 25 percent of the refining and petrochemicals businesses of India’s largest company, Reliance Industries, The Times of Continue Reading
Aramco in talks for 25 percent of Reliance’s refining, petrochemical units: report
Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of Continue Reading
Asian refiners receive full Saudi crude allocations for May
Saudi Aramco’s major crude oil buyers in Asia have received full term allocations for Saudi crude oil loading in May, even as Saudi Arabia continues to reduce production as part Continue Reading
Saudi Aramco increases gasoline prices starting April 14: statement
Saudi Arabia raised the local price for Octane 95 gasoline to 2.10 Riyals from 2.02 Riyals last quarter and Octane 91 to 1.44 Riyals from 1.37 Riyals per liter, state Continue Reading
Trump’s New Ambassador Scrambles To Salvage Relationship With Riyadh
The Senate has confirmed President Trump’s nominee to be the new U.S. ambassador to Saudi Arabia. Though Trump has been in office for more than two years, it will be Continue Reading
Saudi Aramco’s Quest to Become the World’s Biggest Oil Consumer
Saudi Aramco is well known as the world’s top crude exporter. If all goes to plan, it may also become the biggest user of the fossil fuel. More than a Continue Reading
IEA: Saudi Oil Production Falls To Two-Year Low
Saudi Arabia’s crude oil production slumped to the lowest in two years as the Kingdom doubled down on efforts to boost prices, the International Energy Agency said in the new Continue Reading