Saudi Arabia
News
December 02, 2018
OPEC and friends meet in Vienna later this week, and the backdrop isn’t pretty. Oil prices are their lowest in over a year, and there’s the prospect of a glut in 2019 if the group doesn’t make a new deal to cut production.
News
December 02, 2018
Russia and Saudi Arabia agreed to extend into 2019 their deal to manage the oil market, known as OPEC+, although Moscow and Riyadh have yet to confirm any fresh output cuts.
News
November 30, 2018
The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.
News
November 28, 2018
Russia’s oil output in November fell from near-record levels as President Putin prepares to meet Saudi Crown Prince Mohammed bin Salman this week ahead of OPEC+ talks in Vienna.
News
November 27, 2018
The most powerful partnership in the global oil market, which rescued the industry from a deep slump, faces its toughest test yet.
News
November 26, 2018
Crude posted its biggest gain in almost two months as the world’s largest oil exporters prepare to discuss global supplies.
News
November 26, 2018
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
News
November 26, 2018
Hedge funds haven’t been this pessimistic about global oil prices since Brent crude was spiraling into its worst rout in a generation almost three years ago.
News
November 26, 2018
Saudi Arabia is pumping more crude than at any time since its first barrel was extracted 80 years ago, responding to pressure from U.S. President Donald Trump to keep driving oil prices lower.
News
November 23, 2018
Saudi Arabia is producing oil in excess of 10.7 MMbpd, more than in recent years, Energy Minister Khalid Al-Falih said, giving the strongest indication yet that the kingdom has boosted output to record levels.
News
November 23, 2018
Oil careened lower on Friday, with futures in London slipping below $60 for the first time in a year, as a global stock-market sell-off and signs of record Saudi output helped intensify crude’s late-year freefall.
News
November 22, 2018
The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC’s power over oil markets, according to a department official.
News
November 12, 2018
Oil climbed the most in 2 1/2 weeks, halting an unprecedented decline, as Saudi Arabia pledged to curb output and urged allied crude producers to follow suit.
News
November 12, 2018
Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices.
News
November 12, 2018
President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production on Monday, as tensions rose between the U.S. and its long-time Middle East ally.
News
November 12, 2018
President Trump criticized Saudi Arabia’s announced plan to cut oil production on Monday, as tensions rose between the U.S. and its long-time Middle East ally.
News
November 11, 2018
OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.
News
November 09, 2018
A Saudi think tank is studying what happens to oil markets in a world without OPEC.
News
November 05, 2018
Abu Dhabi’s Supreme Petroleum Council (SPC) approved, the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to 4 MMbpd at the end of 2020 and 5 MMbpd by 2030.
News
November 05, 2018
Saudi Arabia raised pricing for the crudes it sells to Asia, a sign that OPEC’s biggest producer sees robust demand as it boosts output to offset the impact of sanctions on Iran.
