Tag Archives: Oil Supply

Aramco said last week it would sign five crude oil supply agreements with Chinese customers.

Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.

Oil prices have plunged by around 30 per cent since their last peaks in early October.

Aramco signed five new crude oil supply agreements with five Chinese customers in Shanghai in early November.

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.

Aramco’s Research and Development Center won the Breakthrough Research of The Year for their Project.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

The rig count is an indicator that U.S. crude production will increase further.

Oil prices at $70 or above is never the best choice for the consumers and Russia is in that camp.