Saudi Arabia
News
March 10, 2020
Saudi Arabia is preparing to unleash so much oil on the world that its own fleet can’t handle it all.
News
March 10, 2020
The output increase -- more than 25% up from last month -- puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories to dump as much crude, as quickly as possible, on the market.
News
March 09, 2020
On today’s show, World Oil Editor-In-Chief, Kurt Abraham, takes a look at some of the drivers behind previous collapses in the price of oil, and discuss how the fallout from last week’s OPEC+ meetings are impacting prices now.
News
March 09, 2020
The opening battle of the global oil price war got under way in Asia as some of the world’s biggest buyers said they’d try to buy more Saudi crude than planned in April after the exporter offered them unprecedented discounts.
News
March 09, 2020
Oil markets tumbled more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.
News
March 06, 2020
Saudi Aramco shares dropped below their IPO level for the first time as a looming price war in global crude markets battered the outlook for the kingdom’s flagship oil company.
News
March 06, 2020
At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market upside down.
News
March 06, 2020
The OPEC+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact.
News
March 06, 2020
Saudi Arabia plans to boost oil output next month to well above 10 MMbpd, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.
News
March 06, 2020
Russia resisted pressure from OPEC allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging.
News
March 05, 2020
Saudi Aramco is delaying the release of its monthly crude-pricing announcement, an exceptional step by the world’s biggest oil exporter, as it waits to see if the OPEC+ alliance will deepen cuts in global output.
News
March 02, 2020
Bahrain may transfer some of its oil and natural gas assets into a proposed state-run fund in which it could sell shares to investors, as the smallest Gulf Arab country seeks to balance its budget.
News
February 24, 2020
Inmarsat announced that it will bring its maritime, aviation and enterprise connectivity solutions to customers based in Saudi Arabia through new partner agreements.
News
February 24, 2020
The center will manufacture well completions technologies including liner hangers and packers and isolation valve technologies, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
News
February 24, 2020
Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency.
News
February 19, 2020
Saudi Arabia gave the clearest signal yet of its concerns about the impact of the coronavirus on oil markets, comparing the situation to a blaze that needs the fire brigade.
News
February 13, 2020
Saudi Arabia and Kuwait authorized the restart of oil production at the Wafra field from Sunday, more than four years after they halted output at the shared deposit.
News
January 29, 2020
Yemen’s Houthi rebels claimed that they launched attacks with missiles and drones on Saudi Aramco in the kingdom’s southern Jazan region.
News
January 22, 2020
Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia, more than four years after the neighbors halted output.
Article
January 2020
The Partitioned Neutral Zone: Geology, economics and politics
News
January 22, 2020
Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said.
