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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…
Oil & Gas Trade
Saudi Arabia Is Exporting Ever-Larger Portion Crude to China -- With the U.S. Losing Out
Saudi Arabia’s observed exports to China soared to 1.74 million barrels a day in July, the highest since Bloomberg began tracking the tanker shipments in Janua…
Nuclear Power Plant
US Wants to Bypass Russia and China to Help Saudis Create Civil Nuclear Programme
Saudi Arabia, which seeks to expand its energy portfolio, has been engaged in talks with Washington over a bilateral nuclear cooperation agreement that would al…
Oil & Gas Trade
Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…
Oil and Gas Equipment
Saudi Aramco will Reducing Reliance on Hormuz by Finishing Pipeline Expansion
Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, increasing the amount the kingdom can shi…
Offshore Wind Power
A Floating Offshore Wind Farm Was Built by Saipem in Saudi Arabia
Saipem can start operations after finalisation of the financial agreements at the end of the planning phase, following which the contract will be signed for Sai…
Crude
To Avoid Excess Stock Buildup, Saudi Oil Output to Remain Below 10 mil b/d
Saudi Arabia's oil production will remain below 10 million b/d through August and its exports will stay under 7 million b/d to avoid excess stock buildup in an …
Solar Technology
Renewable Energy Device Produces Solar Power and Clean Drinking Water
A team of researchers from Saudi Arabia’s KAUST (King Abdullah University of Science and Technology), have developed a device that generates both clean drinkin…
Oil & Gas Trade
OPEC Formally Embraces Russia, Other Non-Members In Expanded
OPEC used to shift world oil markets with a single announcement. These days, the Saudi-led organization needs help from some key partners — most significantly …
Oil & Gas Trade
Iran Warns 'unilateralism' between Saudi Arabia and Russia could Lead to the Death of OPEC
Iranian Oil Minister Bijan Zanganeh believes "unilateralism" among some OPEC members could ultimately lead to the death of the Middle East-dominated producer gr…
Oil & Gas Trade
India Stops Buying Iran Oil
Iran was the third largest supplier of crude to India, behind only Iraq and Saudi Arabia, but after the sanctions waiver granted to India in November expired la…
Oil & Gas Trade
The Oil Crisis Saudi Arabia Can't Solve
In reality, Aramco will not be able to keep the necessary crude oil and products volumes flowing to Asian and European markets in the case of a full Strait of H…
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