Tag Archives: Argaam

Saudi Aramco said it will continue to look for investment opportunities in India as it provides tremendous growth opportunities over the long term, Bloomberg reported. “We will continue to evaluate new and existing business opportunities with our potential partners,” the giant oil company said, adding that it has a long-term …

Saudi Arabia maintained its position as the largest supplier of crude oil to China for the 10th consecutive month in September, Reuters reported, citing China’s General Administration of Customs. Oil supplies from Saudi Arabia to China rose 2% year-on-year (YoY) in September, to 7.96 million tons or 1.94 million barrels …

Saudi Aramco has tapped banks to arrange a loan with a size between $12 -14 billion, which it plans to offer to buyers of its gas pipeline network, sources told Reuters. According to the sources, banks that financed a $12.4 billion acquisition of the company’s oil pipelines earlier this year …

OPEC+ will likely stick to their policy of increasing oil production by 400,000 barrels per day (bpd) per month, Reuters reported, citing four sources. OPEC+ experts revised the 2022 oil demand growth forecast to 4.2 million bpd, according to two sources. OPEC and its allies will meet today, Sept. 1, …

Saudi Arabia maintained its position as China’s top crude oil supplier for the ninth month in July, Reuters reported, citing data from the General Administration of Customs in China. Shipments from Saudi Arabia totaled 6.69 million tons in July, or 1.58 million barrels per day (bpd), compared with 1.75 million …

The Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast on global oil demand growth for 2021 and 2022, and raised its estimates for the growth of the global economy. Global oil demand is estimated to increase by around 6 million barrels per day (bpd) to average 96.6 million …

OPEC+ joint technical committee, which advises the group’s oil ministers, plans to hold its next meeting on Aug. 31, Reuters reported, citing two sources. A ministerial meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) will be held the next day, to evaluate the current supply …

OPEC+ members plan to hold their next meeting today, July 18, to decide on output policy, Reuters reported, citing sources within the producers group. The group did not reach an agreement on oil production policy, starting from August, during the two meetings held earlier this month, while a third meeting …

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) maintained strong compliance with agreed oil output targets in May, when the first part of a gradual production increase took effect, Reuters reported. OPEC+ complied with 115% of the agreed output curbs in May, the source said. It said …

The Organization of the Petroleum Exporting Countries (OPEC) stated that the scenario provided in the International Energy Agency’s (IEA) report could affect companies’ investments and demand for oil, Reuters reported. According to the report, investors should not fund new oil, gas, and coal supply projects if the world wants to …