Saudi Arabia ///

OPEC deal elusive even after Saudis offer oil cuts to Iran

OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production.

Oil rebounds as Saudi Arabia said to offer output deal to Iran

Oil rebounded to head for a weekly gain after Saudi Arabia was said to have offered to reduce production if Iran agreed to freeze its output.

Saipem awarded onshore drilling contracts worth $430 million

Saipem has been awarded new contracts and extensions to existing contracts in the onshore drilling segment in the Middle East and South America. The awards have an overall value of $430 million.

Saudi oil export terminal fire injures eight

Saudi Aramco has successfully responded to a minor fire at its oil terminal facility in Ras Tanura.

Saudi Arabia’s July oil exports reach record as local use eases

Saudi Arabia’s oil exports climbed in July to a record level for that month, as the kingdom curbed the amount of crude it burns to generate energy domestically, according to the Joint Oil Data Initiative.

Calfrac weighs entry into big oil regions such as Saudi, Permian

Calfrac Well Services, the Canadian oilfield services provider, is considering expansion opportunities into two of the world’s largest producing regions.

Saudi oil output said to drop as OPEC debates production freeze

Saudi Arabia told OPEC that its oil production dropped by 40,000 bpd in August to 10.63 MMbpd as the group debates a deal to curb output to shore up prices.

Saudi oil minister says no need now to freeze crude output

There is currently no need to limit oil output, Saudi Energy Minister Khalid Al-Falih said on Monday, after signing an energy agreement with his Russian counterpart Alexander Novak.

Stable oil price requires Saudi, Russian cooperation, prince says

HANGZHOU, China (Bloomberg) -- Global oil-market stability is impossible without the cooperation of Russia and Saudi Arabia, the world’s biggest crude producers, the kingdom’s influential deputy crown prince said, speaking with Vladimir Putin ahead of an OPEC meeting later this month.

Saudi Arabia says it won’t flood oil market ahead of OPEC talks

Saudi Arabia, the world’s biggest oil exporter, won’t boost output to capacity and flood the market, the kingdom’s Energy Minister Khalid Al-Falih said weeks before OPEC meets to discuss ways to stabilize prices.

If you're betting on an OPEC freeze, don't ignore Iraq: Column

When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part without Iran.

Saudi Arabia holds China market share lead on record oil output

Saudi Arabia kept its spot as China’s biggest oil supplier for the first seven months this year after pumping record output in July, even as Russia threatens to overtake the kingdom in their contest for sales to the world’s largest energy consumer.

Saudi crude, refined-product exports hit seasonal record

Saudi Arabia raised its combined crude oil and refined-product exports to 8.83 MMbpd in June, the highest on record for that month and the latest sign of the expansion of the kingdom’s share of global markets.

OPEC freeze wouldn’t be so potent as Gulf rivals pump more

Even if OPEC strikes a deal with Russia next month in Algiers to freeze oil production, success will mean a lot less than when they tried and failed four months ago.

Saudi crude and refined-product exports hit seasonal record

Saudi Arabia raised its combined crude oil and refined-product exports to 8.83 MMbpd in June, the highest on record for that month and the latest sign of the expansion of the kingdom’s share of global markets.

Saudi Arabia keeps BHP's shale oil in the ground...for now: Column

Amid the back-and-forth about just what Saudi Arabia is doing in the oil market comes a message from BHP Billiton: Whatever it is, it's working.

Aramco's path from one oil well to world's most valuable company

Saudi Arabia's state oil producer is in a league of its own. The world's most valuable company, which supplies about one in every nine barrels of crude produced and runs refineries from the U.S. Gulf coast to the South China Sea, is preparing for an initial public offering to raise about $100 billion as soon as 2017.

Oil heads for weekly gain as Saudis reiterate wish for stability

Oil is heading for its biggest weekly advance since April as Saudi Arabia signaled it’s prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market.

Saudi-Iran oil rivalry heats up as OPEC seeks to stabilize price

Saudi Arabia and Iran are showing no letup in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.

Saudi Arabia said to report record oil output on summer demand

Saudi Arabia told OPEC that it pumped a record 10.67 MMbopd in July to meet a summer surge in domestic demand, an increase that will do nothing to endear OPEC’s leading exporter to other members seeking output limits to shore up prices.