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Saudi arabia
Crude Oil
Saudi Arabia to Cut June's Oil Production
Saudi Arabia's Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels p…
Oil Price
Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk
At no time since Ibn Saud first consolidated his Arabian conquests into the Kingdom of Saudi Arabia in 1932 has the ruling Saud dynasty faced such an existentia…
Solar Power Plant
China's Silk Road Fund Closes 49% Stake Buy in ACWA Power RenewCo
China's Silk Road Fund has completed the purchase of a 49% stake in the renewable energy platform of Saudi Arabia's ACWA Power, the latter announced on Sunday.
Oil Price
Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recove…
Oil & Gas Trade
Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.
Oil & Gas Trade
Saudi Arabia's Oil Exports to Drop in May as Demand Slides
Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.
Crude Oil
Saudi Must Reduce Expenditures to Ease COVID-19 Economic Impact: Minister
Saudi Arabia "must reduce expenditures" to mitigate the economic impact of the COVID-19 pandemic, Finance Minister Mohammed al-Jadaan said.
Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Oil & Gas Trade
Belarus Buys First Oil from Saudi Arabia: Refiner Belneftekhim
Belarus, long dependent on Russian oil, has bought its first barrel of crude from Saudi Arabia.
Crude Oil
Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal
Oil prices plummeted again on Monday, with WTI Crude crashing by 23 percent to just $13 a barrel at 2:30 p.m. EDT.
Oil Price
Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War
President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant …
Oil & Gas Trade
Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports …
Oil & Gas Trade
Indian Refineries Slash Middle East Oil Imports As Storage Fills Up
Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop…
Oil & Gas Trade
Will Look into Halting Oil Import from Saudi Arabia, Says Trump
US President Donald trump said on Monday that the us would consider stopping oil imports from Saudi Arabia.
Oil Price
Russia & Saudi Arabia Ready to Make Deeper Joint OPEC+ Output Cuts to Boost Oil Prices
According to the Russian Energy Ministry, both countries are firmly committed to fulfilling the OPEC+ deal on cutting oil output.
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