OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle East and Central Asia Continue Reading
Saudi Arabia, the world’s top oil exporter, cut its crude output in January by about 400,000 barrels per day (bpd), two OPEC sources said, as the kingdom follows through on Continue Reading
The Trump administration is confident that key ally Saudi Arabia will fill any oil supply gap caused by US sanctions on Venezuela, with refineries along the Gulf Coast told not Continue Reading
OPEC pumped the fewest barrels since March 2015 in January, with crude output plunging to 30.86 million b/d, a fall of 970,000 b/d from December as new supply quotas went Continue Reading
When Saudi Arabia’s powerful energy minister met with Prince Mohammed bin Salman in late 2016, he intended to dissuade the king’s son from taking the world’s most valuable company public. Continue Reading
The departure of more than 1 million foreign workers since 2017 has added to a sense of uncertainty in Saudi Arabia. Mohammed Iqbal joined the throng of foreign workers bound Continue Reading
Saudi Arabia has stepped up efforts to woo investors spooked by the killing of dissident journalist Jamal Khashoggi, as it seeks more than $426 billion in private capital to help Continue Reading
Saudi Aramco, the world’s wealthiest albeit state-owned oil company, continues to diversify in downstream investments. On Monday, the storied oil major said it planned to invest up to $1.6 bn Continue Reading
Saudi Arabia, the world’s largest crude oil exporter, will announce plans to entice investors to its infrastructure, industry & energy projects through the launch of its National Industrial Development and Continue Reading
Saudi Aramco, in partnership with U.S. Air Products and Chemicals, will build the first hydrogen fuel cell station in the Kingdom, leveraging Air Products’ SmartFuel hydrogen fueling technology, Reuters reports Continue Reading
