WorldOil Saudis, UAE suggest OPEC will resist Biden’s pleas for more oil Saudi Arabia and the United Arab Emirates signaled OPEC+ will continue raising oil output cautiously and won’t bow to U.S. pressure to pump faster. Saudis warn air travel recovery will consume spare oil capacity Spare capacity in the oil market will shrink significantly next year as travel rebounds and due to a lack of investment among producers, according to Saudi Aramco. Vitol sees Saudis and OPEC remaining cautious on oil output Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting U.S. pressure to pump faster, according to Vitol Group. Saudis express ‘huge concern’ over falling global oil supply capacity Saudi Aramco said oil-output capacity across the world is dropping quickly as the kingdom opened the fifth edition of its flagship investment conference Tuesday in Riyadh. Saudi Arabia commits $110B gas field for blue hydrogen development Saudi Arabia said it would use one of the world’s biggest natural-gas projects to make blue hydrogen, as the kingdom steps up efforts to export a fuel seen as crucial to the green-energy transition. Saudis cut oil prices after OPEC+ restraint fuels rally Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases. Saudi Aramco reports higher oil demand from natural gas crisis Saudi Aramco said the natural-gas crisis was already boosting oil demand and reiterated plans to increase its production capacity. Aramco may open $110B gas project to foreign investors Saudi Aramco is considering a bold move to open up one of the world’s largest unconventional gas fields to foreign investors, as it looks to fund a $110 billion project to help it diversify from oil sales, people familiar with the matter said. Aramco, AVEVA to partner on key sustainability goals via digitalization Focused on driving sustainability in the region through digital transformation, the partnership will help enable AVEVA to establish their largest digital hub, with an RandD capability, in the Middle East, headquartered in Saudi Arabia. Saudis lower Asian oil prices to win back buyers Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels.