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Oil & Gas Trade
Russia & Saudi Arabia Seal Major Deals & Sign OPEC+ Long-Term Cooperation Charter
Agreements include the charter for long-term cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers. Alon…
Crude
Iran Releases Photos of Damage to Tanker Attacked in Red Sea
The National Iranian Tanker Co. released photos of damage to the hull of the Sabiti oil tanker, hit in an alleged missile attack off the coast of Saudi Arabia i…
Oil & Gas Trade
Iran Accuses Saudi Arabia of Attack on Oil Tanker in Red Sea
Iran said missiles that struck one of its oil tankers in the Red Sea probably came from Saudi Arabia, marking the latest escalation in a tit-for-tat conflict be…
Solar Power Plant
A World Record Low Price Bid of $16.953/MWh for A 900MW Solar Park in Dubai
A consortium led by Saudi Arabia-based ACWA Power had reportedly lodged a world record low price bid of $16.953 ($A25) a megawatt hour for a 900MW solar park in…
Oil Price
Saudi Ambition Confronts New Vulnerability
A year later, in his first interview on Arab television, he chastised the Saudi public for their addiction to oil and pledged to transition the economy to one b…
Oil & Gas Trade
What the Attacks on Saudi Aramco’s Main Oil Plant Mean for Its Massive IPO
Smoke billows from an Aramco oil facility in Abqaiq about 37 miles southwest of Dhahran in Saudi Arabia's eastern province on September 14, 2019, after drone at…
Oil & Gas Trade
US Blames Iran For Energy Prices Spike After Saudi Oil Attack
Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an a…
Country Profiles
Saudi Arabia
In 2013, the strategic friendly relations between the People's Republic of China and the Kingdom of Saudi Arabia maintained sound momentum of growth and their c…
Oil & Gas Trade
U.S.to Challenge Saudi Arabia's Position As the World's Leading Oil Exporter
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world's leading oil exporter, after briefly overtaking the O…
Oil & Gas Trade
U.S. briefly overtakes Saudi Arabia as top oil exporter: IEA
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply…
Nuclear Power Plant
Saudi Arabia Wants to Enrich Uranium for its Nuclear Power Program
Saudi Arabia wants to enrich uranium for its nuclear power program, its energy minister said on Monday, potentially complicating talks with Washington on an ato…
Oil & Gas Trade
Saudi Arabia´s New Energy Minister Reportedly Endorsed Curbing Oil Output
Saudi Arabia´s new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing na…
Solar Power Plant
A Ground-Mounted Solar Project Billed as Saudi Arabia's Largest
A ground-mounted solar project billed as Saudi Arabia's largest to date has reached the finish line, and is now set to power the operations of a food and bevera…
Oil&Gas Drilling
OPEC Oil Production Dips on , Saudi Arabia, Nigeria, Others' Cuts
The Organisation of Petroleum Exportig Countries (OPEC’s) crude oil production fell by another 246,000 barrels per day (bpd) last month compared to June.
Oil & Gas Trade
Russia to Leapfrog Saudi in Wealth League as Oil Power Shifts
For the first time in eight years, the Bank of Russia’s total stockpile of cash, gold and other securities is about to surpass Saudi Arabia’s, highlighting th…

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