Saudi Arabia ///

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.

Saudis seek to tap shale basin rivaling Texas' Eagle Ford

Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas.

Saudi Arabia's former oil minister says don't worry about demand

Saudi Arabia’s former oil minister has some advice for anyone worried about a possible drop in future demand for crude: Chill.

Saudi bourse courts foreigners as it readies for oil giant's IPO

Saudi Arabia’s stock market is on a charm offensive as it prepares for what could be the world’s largest initial public offering.

Saudis cut Asia light oil pricing for first time in eight months

Saudi Arabia cut pricing for Arab Light crude to Asia for the first time in eight months, a sign that the world’s largest oil exporter is fighting harder for sales in its biggest market.

OPEC head to meet U.S. shale oil producers for dinner next week

The head of OPEC plans to dine with U.S. shale company executives on Monday in Houston, the second consecutive year that the secretary general has met with some of the cartel’s top rivals.

OPEC, Russia said to see oil glut dissipating at a faster rate

The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated, say people familiar with the matter.

Oil trades near one-week high as stockpile gains slow down

Oil in New York traded near a one-week high as improving sentiment in equities spilled over into crude and American stockpiles increased slower than forecast.