Saudi Arabia ///

Saudi Arabia is said to be comfortable with Brent above $80

Saudi Arabia is now comfortable with Brent oil prices rising above $80/bbl, at least in the short term, as the global market adjusts to the loss of Iranian supply from U.S. sanctions, according to people familiar with the kingdom’s view.

BHGE lands integrated services contract for major offshore expansion in Saudi Arabia

Saudi Aramco has awarded the first large-scope integrated services contract for its Marjan oilfield – the first of three major offshore expansions in Saudi Arabia, and the company’s largest upstream development project this year – to Baker Hughes, a GE company (BHGE).

Saudis tap ex-Solicitor General Olson to lobby against "NOPEC"

Saudi Arabia is taking no chances with the longshot "NOPEC" bill, hiring former Solicitor General Ted Olson as a lobbyist to campaign against the act.

Saudis ramp up oil exports to the U.S.

Saudi Arabia has increased oil exports to America, a sign OPEC’s leading producer is responding to pressure from President Trump to cool down the energy market.

BHGE lands major services contract for Saudi Aramco's Marjan field

Saudi Aramco has awarded the first large-scope integrated services contract for its Marjan oilfield – the first of three major offshore expansions in Saudi Arabia, and the company’s largest upstream development project this year – to Baker Hughes, a GE company (BHGE).

Saudis to grant Aramco 40-year oil concession

Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering.

Saudi Aramco is said to call off IPO

Saudi Arabian Oil Co. is focusing on buying a strategic stake in chemical giant Saudi Basic Industries Corp., putting work on its potential initial public offering on hold, according to people familiar with the matter.

Saudi Aramco's crude output in 2017 fell from annual record

Saudi Arabian Oil Co., the world’s largest crude exporter, said its production last year fell from the annual record it reached in 2016 as it led OPEC and other major producers in curbing output to counter a global oversupply.

Companies in the news

Michele Cowart, World Oil

Danos has been awarded a contract by Shell Exploration and Production Company to provide coatings for Shell’s deepwater Appomattox platform in the Gulf of Mexico.

Sparrows Group granted commercial registration to operate in Saudi Arabia

Global specialist equipment and integrated engineering services company, Sparrows Group, has made a significant development in Saudi Arabia after being granted commercial registration to operate in the Kingdom.

Saudi Arabian crude deliveries to U.S. swell, as Venezuelan output falls

Saudi Arabia is sending the most crude oil to the U.S. in 15 months.

Crude advances after Saudi restraint sparks renewed supply fears

Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies.

Saudi Arabia reduced oil production in July

Saudi Arabia, which recently pledged oil-supply increases, cut production last month, according to OPEC delegates.

Saudi Arabia cuts oil pricing as it boosts supply to meet demand

ARAMCO reduced monthly pricing to most markets as the world’s biggest oil exporter boosts supply to meet customer demand.

OPEC oil production climbs as Saudi Arabia pumps near record

OPEC’s crude output increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met.

Saudis suspend oil shipments via Bab el-Mandeb after attack

Saudi Arabia temporarily halted oil shipments at the southern tip of the Red Sea, after it said two tankers were attacked by Yemen’s Houthi militia.

Saudis pump more oil for Trump, then doubt if it's needed

Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production -- only to discover that global markets might not yet need it.

Crude advances as Saudi Arabia dismisses oversupply speculation

Crude pushed higher after Saudi Arabia pledged not to flood world markets with oil.

Goldman Sachs says U.S. political policy making oil volatile

U.S. political decisions are helping make volatility the new normal in the global oil market and muddying the outlook for prices, according to Goldman Sachs Group Inc.

Crude falls on supply increase, U.S. weighs SPR release

Crude retreated below $70/bbl as Saudi Arabia is said to offer extra crude to some customers, while the U.S. will consider tapping emergency supplies to offset losses elsewhere.