Saudi Arabia ///

Saudis take aim at swollen U.S. oil stockpiles in strategy shift

After sparing its prized U.S. market from oil-output cuts, Saudi Arabia plans to "markedly" reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude inventories in the world’s biggest consumer.

Oil rises to one-month high as Saudis see output curbs into 2018

Oil rose to the highest in a month as Saudi Arabia said all producers participating in output cuts agree on extending the deal through the first quarter of 2018.

Saudis greet Trump with deals worth billions of dollars

Saudi Arabia welcomed U.S. President Donald Trump with agreements for deals worth tens of billions of dollars on Saturday, as he embarked on his first state visit to the kingdom, which is undertaking unprecedented economic reforms.

McDermott and Saudi Aramco announce MOU as part of IKTVA initiative

McDermott International, Inc., signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative.

Schlumberger signs MOU with Saudi Aramco

Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.

Aramco said to plan at least 10 energy deals during Trump visit

Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.

Saudi Aramco said to make leadership changes ahead of IPO

Saudi Arabian Oil has promoted eight executives to top positions, including a senior vice president for downstream operations.

Oil jumps as Saudis, Russia favor extending output deal to 2018

Oil jumped to its highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for nine months.

Saudis said to boost U.S. ties with $40-billion investment

Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the U.S.

Saudis to control crude reserves, output after Aramco IPO

Saudi Arabia’s giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco’s initial public offering, Deputy Crown Prince Mohammed bin Salman said on state television.

Aramco cuts Asia oil pricing as Saudis seen losing market share

Saudi Arabia, the world’s largest crude exporter, cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market. The kingdom raised pricing to all other regions.

OPEC's efforts to cut production continue to battle U.S. output

Oil rose in New York, trimming a monthly decline, as OPEC-led drillers and Russia cite their adherence to an output-reduction deal in the face of a ramp-up in U.S. crude production.

Oil's April rollercoaster takes it back to $50/bbl on supply dilemma

After a rally in the first half of April, oil is set to end the month back below $50/bbl.

Saudi Aramco CEO says 'peak oil' demand is a misleading theory

The boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades.

OPEC ministers to meet Russia amid push to extend cuts

The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply.

Saudi Arabia seen losing market share to Iran, Iraq on oil cuts

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority.

Saudi forces foil attempted attack on Aramco oil in Jazan

Saudi Arabia’s security forces foiled an attempt to blow up an oil product distribution center in Jazan, a province bordering Yemen in the kingdom’s southwest, according to the state-run news agency.

Oman Oil seeking banks to help sell assets amid Aramco IPO

Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks to sell some energy assets and list units on the local stock market, following plans by its larger peer Saudi Arabian Oil Co. to offer shares to the public.

Aramco CEO sees oil market closer to balance, despite U.S. boom

The global oil market is moving closer to balance even as increases in U.S. oil production push prices down in the short-term, Saudi Arabian Oil Co. CEO Amin Nasser said.

Oman Oil said to seek strategic advice amid Aramco IPO plans

Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks on strategic options for its business, according to people familiar with the matter, following plans by larger peer Saudi Arabian Oil Co. to sell shares to the public.