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South Korea
Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…
Crude Oil
Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…
Crude Oil
Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
South Korea
South Korea, Saudi Arabia Eye Continued Cooperation for Energy Supply Chain
The two markets aim to collaborate on oil and hydrogen.
Carbon Emissions
Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince
Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…
Energy Technology
Rolls-Royce Provides Uninterruptible Power Systems for Saudi Supercomputer
Rolls Royce will deliver mtu Kinetix PowerPacks for a supercomputer in Saudi Arabia where, in the event of a power outage, the constantly rotating accumulator w…
Oil Price
Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lowe…
Rolls-Royce Provides Power Supply for Supercomputer in the Middle East
Rolls-Royce has commissioned the first six mtu Kinetic PowerPacks for the Shaheen supercomputer located at King Abdullah University for Science and Technology (…
Electric Car
Crown Prince Mohammed Bin Salman Launches Saudi Arabia's First EV Brand
Saudi Arabia’s crown prince Mohammed bin Salman has launched the country’s first EV brand.
Saudi Arabia, UAE Boosting Output, Working on Clean Hydrogen -Saudi Energy Minister
Saudi Arabia and the United Arab Emirates, two of the world's biggest oil producers, are boosting output and refining and working on clean hydrogen.
Net Zero Emission
Saudi Aramco Unveils $1.5BN Sustainability Fund
It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.
OPEC
U.S. Senate Panel Advances Bill to Rein In OPEC+ Over Oil Output Cut
A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agr…
OPEC
Iraq Reiterates Support for OPEC+, Saudi Arabia
Iraq's foreign ministry said late on Tuesday that it refuses any threatening or pressuring policy.
Crude Oil
Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.
Crude Oil
Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…
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