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Tag: Saudi Arabia

Saudis cutting US oil prices, raising rates for Asian buyers

Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery, according…

Again, Like One Year Ago, Saudi Arabia, Russia Disagree on Quotas

Saudi Arabia contacted a number of OPEC+ countries on February 21 about the parameters of the deal in April As RIA Novosti was told by a source…

Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious”

Oil producers need to remain extremely cautious as uncertainty on the market is still very high, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on…

Aramco To Sell Stakes In Subsidiaries To Raise Cash

Saudi Arabia is looking to plug budget gaps by having its state-run oil giant, Saudi Aramco, sell some stakes in its subsidiaries, according to anonymous…

OPEC+ Production Cuts Could Be Extended: Putin

Russia does not rule out the possibility that OPEC+ could extend its current 7.7 million barrels per day of production cuts into next year, according…

Saudi Oil Exports Rose In July From Record Lows

Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports rise to 5.734 million barrels per day (bpd) in July, up from a…

Saudis hike oil prices to key markets on rising energy demand

DUBAI (Bloomberg) – Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing…

Iraq Looks To Lure Saudi Investment As It Tries To Comply With OPEC+ Deal

Iraq is looking to attract investment from Saudi Arabia in one of its natural gas fields, Iraqi Deputy Prime Minister and Finance Minister, Ali Allawi,…

Saudi Arabia Discusses Progress Of OPEC+ Deal With Nigeria

Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in…

Aramco Completes $69 Billion Sabic Takeover

Saudi state oil giant Aramco has finalized the purchase of a majority stake in petrochemicals major Sabic on the Saudi stock market, Reuters reported, buying over…

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