Tag: Saudi Arabia
Saudi Aramco makes 4 new discoveries across Kingdom
(Arab News) Saudi Arabia state oil company Saudi Aramco has discovered four new oil and gas fields in different locations around the country, the...
Saudi Arabia denounces OPEC+ members trying to cheat oil quota
(Bloomberg) --Saudi Arabia showed its determination to stop OPEC+ members cheating on their production quotas, delivering a thinly veiled dressing-down to its...
JPMorgan wants to dump sovereign fund loans from Saudi Arabia, UAE
(Reuters) - JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab...
Russia, Saudi Arabia very close to an oil deal – Russia’s...
(CNBC) Russia and Saudi Arabia are “very, very close” to a deal on oil production cuts, according to the chief executive of Russia’s sovereign wealth fund RDIF. “I think the...
Saudis boost oil output in defiance of Trump’s plea to end...
(Bloomberg) Saudi Arabia showed no sign of bowing to pressure from U.S. President Donald Trump to dial back its oil-price war with Russia. Instead,...
Aramco CEO says oil’s ‘central bank’ can handle any disruption
(Bloomberg) Aramco’s quick recovery from the attacks on its Abqaiq oil facility shows resilience and flexibility that’s without parallel in the industry, proving to...
Saudi Aramco targeting up to $1.7 trillion in IPO valuation
Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much...
Several countries “locked and loaded” to fill Saudi oil supply gap...
Several countries are “locked and loaded” to fill the oil supply gap left by the attack on Saudi Arabia, Rystad Energy said on Friday,...
Risk of further Saudi attacks high
(Rigzone) The risk of further high-impact attacks against Saudi energy infrastructure is high. That’s according to Torbjorn Soltvedt, principal MENA analyst at Verisk Maplecroft,...
Oil price spike after Saudi attack likely short-lived – Rystad Energy
In an update to clients after the biggest attack on oil infrastructure since the Gulf War, Bjørnar Tonhaugen, head of oil market research at...