Saudi Arabia
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.
News
March 13, 2020
Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are hitting home.
News
March 12, 2020
Does the coronavirus offer a prime opportunity for Russia and Saudi Arabia to team up against U.S. shale producers? Or, as international oil analyst and author, Mr. Simon Watkins, says in today's show, is this a "last throw of the dice" for the Saudis?
News
March 12, 2020
Harold Hamm intends to file a complaint with the U.S. Department of Commerce against Saudi Arabia for “illegal” dumping of crude that sent oil prices into a tailspin earlier this week.
News
March 12, 2020
A flood of discounted Saudi crude is heading for Europe, but Russia might just have the only producers in the world equipped to compete with it.
News
March 12, 2020
Saudi Arabia is unleashing a wave of crude toward Europe, traditionally the backyard for Russian oil sales, pledging to supply regional refineries with as much as triple their usual intake from the kingdom.
News
March 11, 2020
As the UAE piles on to Saudi Arabia and Russia’s production hikes, is this the time for the U.S. to implement an import fee to partially protect domestic output?
News
March 11, 2020
While delivering the extra capacity may take years and many billions of dollars in investment, the decision shows that Crown Prince Mohammed bin Salman has little intention of pulling back from his aggressive response to the breakdown of OPEC’s alliance with Russia and other oil producers.
News
March 10, 2020
Saudi Arabia and Russia are solidifying their plans to flood the market with crude, while the door remains open for another OPEC discussion.
News
March 10, 2020
Saudi Arabia is preparing to unleash so much oil on the world that its own fleet can’t handle it all.
News
March 10, 2020
The output increase -- more than 25% up from last month -- puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories to dump as much crude, as quickly as possible, on the market.
News
March 09, 2020
On today’s show, World Oil Editor-In-Chief, Kurt Abraham, takes a look at some of the drivers behind previous collapses in the price of oil, and discuss how the fallout from last week’s OPEC+ meetings are impacting prices now.
News
March 09, 2020
The opening battle of the global oil price war got under way in Asia as some of the world’s biggest buyers said they’d try to buy more Saudi crude than planned in April after the exporter offered them unprecedented discounts.
News
March 09, 2020
Oil markets tumbled more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.
News
March 06, 2020
Saudi Aramco shares dropped below their IPO level for the first time as a looming price war in global crude markets battered the outlook for the kingdom’s flagship oil company.
News
March 06, 2020
At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market upside down.
News
March 06, 2020
The OPEC+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact.
News
March 06, 2020
Saudi Arabia plans to boost oil output next month to well above 10 MMbpd, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.
News
March 06, 2020
Russia resisted pressure from OPEC allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging.
News
March 05, 2020
Saudi Aramco is delaying the release of its monthly crude-pricing announcement, an exceptional step by the world’s biggest oil exporter, as it waits to see if the OPEC+ alliance will deepen cuts in global output.
News
March 02, 2020
Bahrain may transfer some of its oil and natural gas assets into a proposed state-run fund in which it could sell shares to investors, as the smallest Gulf Arab country seeks to balance its budget.
