Saudi Arabia ///

Kuwait joins Saudis, UAE in promising more OPEC oil cuts

Kuwait joined the United Arab Emirates in promising to pump less oil after Saudi Arabia called on fellow OPEC producers to cut more supply to help curb the global glut.

Oil rallies 2% as Saudi Arabia promises to cut exports

Oil rose by more than 2% on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC called on members to boost compliance with agreed output cuts to help curb oversupply and support flagging crude prices.

Saudi economic pain tests Crown Prince's resolve for change

Saudi Arabia’s drive to reduce the economy’s reliance on oil has hit a snag: its reliance on oil.

Crude climbs on report Saudi Arabia considering more export cuts

Oil climbed to the highest level in almost two weeks following a report that Saudi Arabia is considering deeper export curbs.

Oil slides as Saudi Arabia is said to produce above output cap

Oil fell in New York after Saudi Arabia’s production last month rose above the cap it agreed on with fellow OPEC members.

Tillerson to tour Gulf capitals as U.S. seeks to end spat

Secretary of State Rex Tillerson will travel to Kuwait, Qatar and Saudi Arabia this week to meet with Gulf leaders as the U.S. seeks to help end a standoff that pits U.S. allies against one another.

Aramco to spend $300 billion as CEO warns about world oil supply

Saudi Aramco will invest $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas.

Saudi Aramco's crude output hit annual record in 2016

Saudi Arabian Oil Co., the world’s largest oil exporter, increased production to an annual record last year before the kingdom led OPEC and other major producers to curb output to counter a global oversupply.

Qatar charts second gas boom as Saudis try to tighten the noose

Qatar’s neighbors are trying to isolate it from the outside world by cutting off transport and diplomatic links. There’s one major area where their ostracism campaign is falling short: energy.

Saudis are said to delay energy-subsidy cuts amid economic pain

Saudi Arabia, the biggest Arab economy, will probably delay plans to raise gasoline and other energy prices until later this year or early in 2018 amid an economic slowdown, according to four people familiar with the matter.

Arab foreign ministers begin talks on Qatar crisis in Cairo

Foreign ministers from Egypt, Saudi Arabia, the United Arab Emirates and Bahrain on Thursday started a meeting in Cairo on the Qatar crisis, hours before a deadline for Doha to meet demands set by the four Arab nations, an Egyptian Foreign Ministry official told Reuters.

Qatar to boost LNG output by 30%, flouting Saudi-led boycott

Qatar Petroleum, the largest producer of liquefied natural gas, plans to increase output by 30% within seven years, a step that would entrench the Gulf nation’s role as a major energy supplier amid a boycott by a Saudi-led coalition of countries.

Saipem awarded contracts, change orders in Saudi Arabia, West Africa and Caspian Sea

Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for EPCI (Engineering, Procurement, Construction, Installation) activities and T&I (Trunklines & Installation) works in Saudi Arabia, under the Long-Term Agreement in force, renewed in 2015 until 2021.

Saudi Arabia and Qatar continue sharing oil tankers amid tensions

As Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing is becoming increasingly clear in the oil market: tensions have yet to reach a point where the world’s biggest crude exporter is disrupting its tiny neighbor’s shipments.

Platts proposes removing restrictions on Qatar crude

Oil price agency S&P Global Platts is proposing to remove from next month restrictions it had placed on Qatari crude in its pricing assessment after Saudi Arabia and some other Arab states cut ties with Doha, a spokeswoman said on Wednesday.

Oil markets see heightened conflict risk in Saudi Arabian power shift

Energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.

Iraq is new oil king, beats Saudis in fastest growing market

Iraq is gaining the edge over Saudi Arabia in the world’s fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.

Russia, Saudis see oil inventories falling after price drop

A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the first quarter of next year, Russian Energy Minister Alexander Novak said, after prices tumbled on news of a build-up in U.S. inventories.

Oil snoozes while Mideast smolders, as glut keeps price in check

Qatar and Saudi Arabia square off in a major diplomatic feud. Suicide bombers strike at the heart of the Iranian capital. Kurdistan moves toward independence, and war rages on in Syria and Yemen.

Biggest Middle East ports shun Qatar as Saudis tighten isolation

The biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities amid a diplomatic crisis gripping the world’s main energy-exporting region.