Saudi Arabia ///

ADNOC and ISPRL celebrate arrival of first crude oil shipment for Mangalore strategic reserve

A delegation from the Abu Dhabi National Oil Company (ADNOC) attended, a special event at the Karnataka oil storage facility, in the Indian city of Mangalore, to celebrate the unloading of the first cargo of ADNOC crude oil sent to the Indian Strategic Petroleum Reserves Ltd (ISPRL).

Oil faces a month of mayhem as geopolitical risks proliferate

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.

Iran opposes higher oil prices, signaling divide with Saudis

Iran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member and political rival Saudi Arabia, which is showing a willingness to keep tightening crude markets.

IMF boost to Saudi break-even oil price offers OPEC policy clues

Whenever Saudi Arabian officials are asked what oil price the kingdom want, they almost always reply that they have no preference. Recent reports that the world’s largest exporter was aiming for $80/bbl elicited the same response: there’s no target.

Oil-price skirmish heats up as China trader seeks Saudi cuts

The trading unit of one of the world’s biggest refiners is displeased with Saudi Arabia’s oil pricing, which may benefit the U.S. and Russia.

OPEC's reason for sticking with cuts rests on shaky ground

OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky.

Saudi Arabia's economic revamp is still an oil story

Saudi Arabia’s efforts to shore up public finances and revive economic growth are still pretty much dependent on oil prices, even as the kingdom tries to reduce its reliance on revenue from crude exports.

Saudi Aramco to lift oil-trading volume to 6 MMbpd

Saudi Aramco, the world’s biggest oil exporter, plans to trade as much as 6 MMbpd, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products.

SNC-Lavalin awarded Wasit Gas Plant installation contract by Saudi Aramco

SNC-Lavalin has been awarded a contract by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia’s eastern province.

The Aramco accounts: Inside the world's most profitable company

It’s a cornerstone of the global economy, producing and selling 10 MMbopd. Yet for four decades the financial performance of Saudi Aramco has been one of the biggest secrets in global business.

Saudi Arabia is said to signal ambition for $80-oil

Saudi Arabia wants to get oil prices near $80/bbl to pay for the government’s policy agenda and support the valuation Aramco before an initial public offering.

Aramco says all facilities safe after report of Yemeni attack

All oil, natural gas and refining facilities in Saudi Arabia are safe and operating normally, state-run Saudi Aramco said, after Shiite rebels in neighboring Yemen were reported to have fired a missile at a company facility near the border.

Yemen's Houthis say they fired missile at Aramco Najran facility

Yemen’s Shiite rebels said they fired a ballistic missile aimed at a Saudi Aramco facility in the border area of Najran, according to a news agency under their control.

As Saudi prince visits U.S., shale transforms oil relationship

From Franklin Roosevelt to George W. Bush, American presidents saw oil as the cornerstone of the relationship between Saudi Arabia and the U.S. -- a steady supply from the Middle East’s largest exporter was considered crucial to the economy’s well-being.

Aramco said to get cool response on IPO from U.S. investors

Saudi Arabia’s willingness to delay the initial public offering of state oil company Aramco to 2019 has several motivations, from regulatory risk to competing projects in the government’s crowded agenda.

Libyan oil is back, vying with Saudis and Iraq

Things are looking up for Libya oil traders.

Saudi oil chief seeks empowerment of women going beyond driving

Saudi Arabia is striving to achieve real female empowerment, especially in the workplace, going beyond recent changes that allowed women to drive cars for the first time, said the country’s energy minister.

Wood wins new contract to develop world's largest crude oil to chemicals project for Saudi Aramco, SABIC

Wood has been selected to develop the world's largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC as the first PMC contractor.

Aramco said to lead raft of Saudi-UK deals in prince's visit

Saudi Arabia’s national oil company signed a batch of deals with UK companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.

Saudi oil minister says Aramco IPO could be delayed to 2019

Saudi Arabia’s energy minister hinted the initial public offering of the state oil company Aramco could be delayed until 2019, pushing back a central plank of Crown Prince Mohammed bin Salman’s plan to modernize the economy.