Saudi Arabia ///

Rowan, Saudi Aramco launch ARO Drilling

Rowan Companies plc has announced that ARO Drilling, a 50/50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco), commenced operations on Oct. 17, 2017.

Saudi oil minister says full Aramco IPO is on track for 2018

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said Tuesday.

Saudis said to weigh delay of foreign part of Aramco IPO

Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.

Regional Report: MENA

Emily Querubin, World Oil

Middle East/North Africa grapples with production cut commitment, despite urge to boost output

How deep will Saudi cut its oil output? To the lowest since 2015

Saudi Arabia has promised to do “whatever it takes” to end the global oil glut. If it cuts supplies in November by as much as it pledges, the kingdom will reduce production and exports alike by more or less a million barrels a day compared with last year.

Saudis to make deepest cut to crude supply in November

Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies in November to help reduce global inventories and balance the market.

Saudi Aramco plans "mega investment" in world's top oil guzzler

Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s CEO.

Gazprom Neft partners with Saudi Aramco on oilfield technology development

Gazprom Neft has signed a memorandum of cooperation with Saudi Aramco, the national oil company of Saudi Arabia, to extend their partnership in oil and gas industry. Signatories to the document were Alexander Dyukov, CEO of Gazprom Neft, and Amin H. Nasser, President and CEO, Saudi Aramco.

Saudis say Russian cooperation “breathed life” back into OPEC

Cooperation between Saudi Arabia and Russia has “breathed life back into OPEC” and made the kingdom’s oil minister more optimistic about the outlook for the market than he has been for several years.

Oil edges higher as Saudi-Russia encounter reassures oil bulls

Oil rose the most in a week as the world’s biggest oil exporters, Saudi Arabia and Russia, signaled continued cooperation on efforts to erode a global crude glut.

Saudi oil minister says no slippage in schedule for Aramco's IPO

Saudi Arabia said the schedule for the blockbuster initial public offering of its state-owned oil giant isn’t “slipping,” with the kingdom still targeting a sale by the end of 2018.

Saudi Aramco CEO says not discussing role in company's IPO with Russian companies

Saudi Aramco isn’t talking with any Russian companies about possible participation in its initial public offering, the head of the state oil producer said as Saudi Arabia’s king led a delegation on a historic visit to Russia.

Putin hosts Saudi King on landmark Russia visit amid oil talks

President Vladimir Putin began talks with Saudi King Salman bin Abdulaziz, as the two energy superpowers seek to extend an agreement curbing oil supplies.

Saudi Aramco raises November light grade crude pricing for Asia to clear global glut

Saudi Arabia, the world’s largest crude exporter, raised pricing for November sales of its light oil grades to Asia for a third consecutive month as the biggest OPEC member cuts shipments to clear a global glut.

Key risk to Saudi post-oil plan? Higher crude prices, Fitch says

Higher oil prices would pose one of the biggest risks to Saudi Arabia’s efforts to overhaul its economy, according to Fitch Ratings.

Leaving oil pact `not an option' for Saudi, Russia

OPEC and its partners, including Russia, need to extend their oil-production cuts for at least three more months to keep crude prices at current levels, according to UBS Group AG.

Oil cuts add to Saudi pain as GDP contracts for second quarter

Saudi Arabia’s economy contracted for two quarters in a row for the first time since the global financial crisis, as the kingdom grapples with low oil prices and its businesses struggle to cope with economic reforms.

Saudi Arabia open to another OPEC cuts extension

Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan and Kazakh counterparts to keep all options open in their push to re-balance world oil markets, including the possible extension of output cuts beyond next March.

Qatar's growth prospects dim as Saudi-led boycott takes its toll

Qatar’s economy will expand this year at the slowest pace since 1995, according to economists surveyed by Bloomberg this month, as the impact of a Saudi Arabia-led boycott is felt on trade and investor confidence.

Saudi crude exports fall just as domestic stockpiles dwindle

Saudi Arabia, the world’s biggest crude exporter, shipped the least oil in almost three years in June, just as domestic stockpiles are dwindling.