Saudi Arabia ///

Saudis keep oil flowing as they patch up wounded industry

“Considering limited spare capacity outside Saudi Arabia and risks of renewed attacks on Saudi energy infrastructure, a risk premium is likely to stay on oil prices in the foreseeable future,” UBS Group AG analyst Giovanni Staunovo said in a note on Wednesday.

Aramco chairman says attacks won’t derail IPO preparations

Saudi Arabia is committed to the IPO, Yasir Al-Rumayyan said on Tuesday at a press conference in Jeddah. He refused to commit to a precise timetable, however, saying the company is ready to do it any time in the next 12 months.

Saudi Arabia partially restores output at damaged oil plant

Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially restarted and production capacity would be back to normal within months.

Pentagon readying a public show of evidence in Saudi attacks

The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a U.S. defense official said.

Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO

Chevron could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, CEO Mike Wirth said in an interview with CNBC.

Aramco tells customers some October oil loadings will be delayed

Saudi Aramco notified at least four customers that some crude deliveries in early October will be delayed to later in the month after attacks on its facilities cut output, though they’ll still receive their full contracted volumes, according to people with knowledge of the matter.

Saudis face lengthy oil halt, with few options to replace losses

Officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery, telling a senior foreign diplomat they face a “severe” disruption measured in weeks and months and informing some customers that October shipments will be delayed.

Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled oil markets.

Aramco optimism fading for rapid output recovery

Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said.

Saudis tell oil buyers they’ll still get contracted volume- in heavier grades

The attack on the kingdom’s most important oil production facility halved Saudi output and is crimping the availability of lighter grades such as Arab Extra Light and Arab Light. Those less-sulfurous grades are already in high demand due to new rules mandating a switch to cleaner shipping fuel.

Trump faces tough choices after blaming Iran for Saudi oil attack

The Trump administration sought to offer new evidence to back its claim that Iran conducted the attack on major Saudi Arabian oil facilities, saying the munitions used in the strikes were well beyond the capabilities of the Houthi rebels who claimed responsibility.

Saudi attacks reveal oil supply’s fragility in asymmetric war

The latest and most destructive attacks on Saudi oil facilities provide stark evidence of the vulnerability of global crude supply in an age of disruptive technologies that can bring a century-old industry – temporarily at least – to its knees.

Attacks on Saudi oil risk lowering Aramco IPO valuation

“Crown Prince Mohammed bin Salman will push the company to demonstrate that it can effectively tackle terrorism or war challenges,” analysts led by Ayham Kamel, head of Middle East and North Africa research at the Eurasia Group, said in a report. “The attacks could complicate Aramco’s IPO plans.”

Trump, Saudi Crown Prince speak on crude facility attack

President Donald Trump spoke by phone on Saturday with Saudi Crown Prince Mohammed Bin Salman after a swarm of explosive drones hit key oil-industry targets in Saudi Arabia, the state-run Saudi Press Agency reported.

Industry awaits Saudi Arabia’s move after drone attack on infrastructure

Fires at the plant were brought under control within hours, but the flow of crude from Saudi Arabia, the world’s biggest exporter, will almost certainly be affected, although we don’t yet know by how much or for how long. Traders who have shrugged off tensions in the Middle East for months will respond to this attack when markets open on Monday.

Coordinated drone attack cuts Saudi oil production in half

Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s oil industry and set the world’s biggest crude-processing plant ablaze.

Saudi prince’s oil diplomacy makes an impression at OPEC+ meeting

Since the launch of its strategy to revive global oil markets three years ago, one of the biggest challenges faced by OPEC and its allies is that not all the producers have pulled their weight.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

OPEC+ meets in Abu Dhabi, with deeper cuts off the agenda for now

Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows.

Subsea 7 awarded EPCI contract offshore Saudi Arabia

Subsea 7 has been awarded a contract by Saudi Aramco for the Marjan Increment Projects - Package 2, offshore Saudi Arabia.