Saudi Arabia
News
April 02, 2020
A statement released by the state-run Saudi Press Agency read, in part, “the Kingdom calls for an urgent meeting of OPEC + and a group of other countries, with the aim of seeking a fair agreement that will restore the desired balance to the oil markets.”
News
April 02, 2020
President Donald Trump said he expects Saudi Arabia and Russia to cut oil production by about 10 million barrels after he spoke by phone with Crown Prince Mohammed Bin Salman on Thursday.
News
April 01, 2020
Kurt and Cameron cover action on many fronts in Washington, Saudi Arabia fires their opening salvo in the oil price war, and Texas regulators share their demand projections.
News
April 01, 2020
Kurt and Cameron cover action on many fronts in Washington, Saudi Arabia fires their opening salvo in the oil price war, and Texas regulators share their demand projections.
News
April 01, 2020
Saudi Arabia showed no sign of bowing to pressure from President Donald Trump to dial back the oil-price war with Russia as the kingdom pushed crude supply to record levels.
News
April 01, 2020
President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of staunching an historic plunge in oil prices.
News
March 31, 2020
Saudi Arabia has made good on its pledge to ramp up oil exports in April, with a first wave of crude already on its way toward Europe and the U.S., a clear sign the price war remains in full swing.
News
March 30, 2020
Trump and Putin talk about the oil market via phone today, and the Saudis make a move to increase cash reserves while prices reach another constant-dollar low.
News
March 30, 2020
Saudi Aramco, the world’s largest oil producer, is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter.
News
March 27, 2020
Saudi Arabia held firm on its position in the price war with Russia, saying on Friday that the kingdom hasn’t had any contacts with Moscow about oil production cuts or about enlarging the OPEC+ alliance.
News
March 25, 2020
The U.S. made its most direct intervention yet in the oil price war between Saudi Arabia and Russia, urging Riyadh to “rise to the occasion and reassure” energy markets at a time of economic uncertainty.
News
March 24, 2020
With OPEC’s output limits suspended and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share.
News
March 24, 2020
Oil rallied for a second day after the Federal Reserve unveiled a sweeping set of measures to support the world’s largest economy, while investors clung to hopes of a U.S.-Saudi Arabian deal to limit output.
News
March 23, 2020
There is no doubt that the actions of Russia and Saudi Arabia have been predatory. And many industry professionals, as evidenced by our survey, are highly concerned about the potential effect/damage to the U.S. upstream industry.
News
March 20, 2020
One of the most powerful officials in the biggest U.S. oil state has been invited to OPEC’s inner sanctum in June in a rare rapprochement between two historically antagonistic crude powers.
News
March 20, 2020
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue.
News
March 19, 2020
President Donald Trump said Thursday he may intervene in an oil price war between Russia and Saudi Arabia that has U.S. oil drillers reeling, but that for now low prices are like a tax cut for American consumers.
News
March 19, 2020
Saudi Arabia announced 50 billion riyals ($13.3 billion) in budget spending cuts after the crash in oil prices and the coronavirus outbreak wreaked havoc on its public finances.
News
March 18, 2020
How long can the vicious oil-price war between Saudi Arabia and Russia last? If history is any guide, the battle will be a long one.
News
March 17, 2020
More than a dozen U.S. Republican senators wrote to Saudi Crown Prince Mohammed bin Salman to urge him to take action to cool tensions in the oil market at a time when the world economy is already being battered by the coronavirus.
News
March 17, 2020
The trading arm of a Chinese state-owned refiner is turning away crude from Russian energy giant Rosneft PJSC, the parent of a unit hit by U.S. sanctions.
