Search Results ///

Sort
Date Range

Technology investment is key to the future of energy

network of research and technology centers in Saudi Arabia, Asia, Europe and the U.S, Fig. 2...

Oil slips below $42 on rising U.S. – China tensions

consumption is looking shaky, with crude imports into China shrinking in July, and Saudi Arabia... quota cheat Iraq has promised to make deeper cuts following a call with Saudi Arabia on Thursday. Oil.... Other oil-market news: Several Asian refiners will ask Saudi Arabia for less crude next month after...

Delaware Basin driller Rosehill Resources declares bankruptcy

vulnerable to crude’s historic crash this year. In March, when Saudi Arabia and Russia’s agreement...

ADIPEC 2020: Monday conference highlights

with gas producers, he said. OPEC+ Can Handle Changes in Supply, Including More Iran Oil: Saudi... Biden were to strike a deal with Tehran, Saudi Energy Minister Prince Abdulaziz Bin Salman said.... OPEC+ Could Extend Oil Cuts Through 2022, Saudi Oil Minister Says OPEC and allied producers can tweak their output-cuts deal as needed, the Saudi energy minister said. They’re taking a pro-active...

Digital completion system integrates OFS data to increase fracing efficiency, lowering operational costs

This year’s tumultuous drop in crude oil prices is one of the worst in our industry’s history. Although WTI began the year in the $60/bbl range, the combination of a nasty price war between Saudi Arabia and Russia, the COVID-19-induced global demand crash, and a lack of storage capacity caused... then, thanks in part to an agreement between Saudi Arabi and Russia plus rising demand in China...

OPEC says global economy growth won’t reverse a slump in oil demand

. Saudi Arabia, Russia and other members of the OPEC+ coalition are due to hold an online meeting... showed that most of OPEC’s Middle East members -- Saudi Arabia, Kuwait and the United Arab Emirates...

Increased OPEC+ pressure drives UAE’s oil exports to a 23-month low

of the month, tanker tracking data compiled by Bloomberg show. Though it’s a loyal partner of Saudi Arabia..., shipments of just 367,000 barrels a day to China were the lowest since February. Saudi Arabia, which boosted...

Russia says OPEC+ will continue to roll back its production cuts

meeting at the end of November. Russia and Saudi Arabia, two de-facto leaders of the group, are already holding preliminary talks. Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir...

Natural gas investments to climb, despite present demand weakness

billion of planned investment, Saudi Arabia-based Apicorp said. Iran and Saudi Arabia are set to see...

The Last Barrel

from the world’s largest consumer. “The worst is behind us,” said Saudi Aramco CEO Amin Nasser. “I’m...

As U.S. drilling plummets to 122-year low, losses may intensify in second half

cuts in May by Saudi Arabia and Russia, which slashed output by 29% and 17%, respectively. Production...-crash trajectory. To offset weaker market fundamentals, Saudi Arabia and Russia combined to play... to reduce output to balance oil markets. Saudi Arabia and Russia jointly played the role of swing... had the desired effect. With Saudi Arabia and Russia adhering to cuts, WTI recovered during second...

Aramco reviewing multi-billion Texas LNG terminal investment plan

(Bloomberg) --Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects... with Sempra LNG deal The about-turns come as the Saudi firm tries to honor its pledge to pay a $75... periods less than a year after listing the company in the Saudi capital of Riyadh. The initial public offering brought added scrutiny to the once secretive firm, though the Saudi government still owns 98...

Pressures from inside and outside OPEC+ compel a new production plan

(Bloomberg) --When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil.... No supply decisions are expected until Dec. 1, but leading members Saudi Arabia and Russia are already stepping up diplomacy. President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman have... session of the Joint Ministerial Monitoring Committee, chaired by Saudi Arabian Energy Minister Prince...

U.S. oil gaining appeal in Asia as OPEC+ suppliers limit output

contracted volumes from producers including Saudi Arabia and Iraq in the past couple of months... to be named because the information is confidential. Saudi Arabia and other OPEC members have long-standing... for some North Asian refiners, is comparable to Abu Dhabi’s Murban and Das Blend and Saudi Arabia’s...

Russia open to delaying OPEC+ production hike, says Putin

Russia and Saudi Arabia, whose leaders have been engaged in intense telephone diplomacy this month. “We....” United Front After two phone calls in a week between Saudi Arabia’s Crown Prince Mohammed Bin Salman... such a result.” Sechin, a close ally of Putin, said in March -- during a price war with Saudi Arabia...