Saudi Arabia ///

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.

Oil trades near $47 amid talks to resolve Gulf diplomatic clash

Oil traded little changed as diplomatic efforts to resolve a clash between Qatar and Saudi Arabia played out, with crude supplies seen as unaffected.

Aramco raises crude pricing to U.S. and Asia on increased demand

Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the U.S. and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended production cuts to help curb a global glut.

Halliburton awards multi-million-dollar software grant to King Fahd University

Landmark, a Halliburton business line, today announced a multi-million-dollar educational software grant to King Fahd University for Petroleum and Minerals (KFUPM), a leading public university in Saudi Arabia.

Amec Foster Wheeler wins contract for major Saudi Aramco oilfield development

Amec Foster Wheeler announces today that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia.

Putin, Saudi Prince to meet after oil-supply deal finalized

Russian President Vladimir Putin is to meet with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in Moscow Tuesday after the world’s biggest oil exporters reached a deal to prolong supply cuts for another nine months.

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.