Tag Archives: Arabian Business (weekly newspaper)

Oil output cuts by OPEC and its allies, together with pledges from other G20 nations and purchases by strategic reserves, could remove 19.5 million barrels per day from the market, the Saudi energy minister said. US President Donald Trump said Monday that the actual output cuts may be deeper than …

The US stepped up pressure on Saudi Arabia to seal a historic deal to cut oil production as negotiations that President Donald Trump himself has brokered dragged on for a third day. Talks aimed at ending a price war that’s savaging the US oil industry and threatening petrostates’ budgets continued …

The Saudi government intends to attract between $30-50 billion in new investments into renewables by 2030.

The largest and most significant single driver for all financial asset classes for next week will be the outcome of US-China trade negotiations.

Oil is of course a commodity that relies significantly on demand.

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.

Brazil’s oil reserves are bigger than those of several OPEC members.

Abqaiq was struck 18 times in total. with 11 hits on its giant spheroids. which separate natural gas and water from the oil.

Saudi Arabia has positioned itself as the swing supplier in global markets for decades.

Aramco is moving fast to add banks in junior roles on the deal after choosing the top underwriters last week.