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Oil & Gas Trade
Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May
The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.
Saudi Arabia
Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
Oil & Gas Trade
Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.
Energy Technology
Green Hydrogen Project to Use Topsoe Ammonia Technology
A US$5 billion dollar green hydrogen production facility to be sited in NEOM, Saudi Arabia, will include Topsoe's proven ammonia technology.
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Energy Technology
Air Products Announces $5bn Renewable Hydrogen to Ammonia Investment
US industrial gas and chemical business Air Products has announced a $5bn joint investment in a chemical production plant in Saudi Arabia powered by 4GW of rene…
Energy Technology
JV Launched to Pair 4GW With ‘World’s Largest Green Hydro Project’ in Saudi Arabia
A joint venture project has been launched to develop what intends to be the world’s largest green hydrogen project.
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Oil Shale
30% Of U.S. Shale Drillers Could Go Under
U.S. shale was one of the big losers of the Saudi-Russian price war that many saw as a war on U.S. shale. Producers scrambled to stay afloat as prices sank back…
Oil & Gas Trade
Saudi Oil Exports Down by $12 Billion Year on Year in April
The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.
Oil Price
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Oil & Gas Trade
Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China
Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…
Oil & Gas Trade
Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market
An armada of Saudi tankers brimming with crude heading to American shores is raising concern over storage space just as a U.S. glut shows signs of easing.
Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor
Saudi Arabia’s sovereign wealth fund built stakes in two major Canadian oil sands players during the energy market rout.
Oil & Gas Trade
Saudi Loss of China Oil Market Share Likely Brief
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi…
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