Saudi Arabia
News
July 02, 2019
Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year.
News
July 01, 2019
OPEC may be losing its share of the global oil market, but not all losses are spread equally.
News
June 30, 2019
Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into early 2020.
News
June 25, 2019
Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss extending oil-output cuts.
News
June 25, 2019
Aramco has the experience and infrastructure it needs to keep crude flowing if supply through Hormuz is disrupted.
News
June 24, 2019
McDermott International, Inc. has announced a large contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.
News
June 11, 2019
Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia to reconcile their differences for an extension of the output cut in the second half.
News
June 10, 2019
Saudi Arabia and Russia voiced concerns that falling oil demand could send prices below $40/bbl as they met in Moscow on Monday.
News
June 07, 2019
Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.
News
June 06, 2019
One year ago, Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
News
June 03, 2019
Oil rose as Saudi Arabia offered reassurance that OPEC will keep global crude markets in balance after concerns over the U.S.-China trade dispute triggered the steepest monthly slump this year.
News
May 24, 2019
Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation.
News
May 20, 2019
From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end.
News
May 20, 2019
Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.
News
May 19, 2019
Oil producers meeting in Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Sea city.
News
May 16, 2019
Saudi Arabia accused Iran of ordering this week’s attack on key oil facilities, stoking concerns that the world’s largest oil-producing region is edging toward another war. Crude prices rose.
News
May 15, 2019
Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region.
News
May 15, 2019
Russia will join the OPEC+ talks this weekend having fulfilled its pledged production cuts, but keen to secure a share of any potential output increase.
News
May 14, 2019
Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels.
News
May 13, 2019
Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran.
News
May 08, 2019
If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway.
