Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s Continue Reading
U.S. Energy Secretary Rick Perry has approved six secret authorizations by companies to sell nuclear power technology and assistance to Saudi Arabia, according to a copy of a document seen Continue Reading
Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s Continue Reading
The long awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired Continue Reading
Saudi Arabia, through its oil behemoth Saudi Aramco, is looking to decreasing its carbon footprint by creating a global gas business, Aramco’s CEO Amin Nasser said during an industry event Continue Reading
Saudi Arabia has been signaling for weeks that it is and will be doing whatever it takes to rebalance the oil market by slashing exports and pumping well below its Continue Reading
Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time Continue Reading
Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit Continue Reading
Saudi Arabia’s crude oil exports in January fell to 7.254 million barrels per day from 7.687 million bpd in December, official data showed on Monday. OPEC’s biggest producer pumped 10.243 Continue Reading
Saudi Arabia’s crude oil exports continued to fall at the start of this year after OPEC’s largest producer started to aggressively cut oil supply in December last year to prevent Continue Reading
