Saudi Arabia is on course with a Saudization policy that aims to reduce its reliance on immigrant labor in the public and private sector.
Read More »The Rise of the Petroyuan
A more significant development was Russia agreeing to some yuan-based oil trade in 2015. also the result of U.S. sanctions.
Read More »Brent Crude Oil Approaches $60 as Markets Tighten
Rising U.S. crude production remains an issue for OPEC as it strives to clear a global overhang.
Read More »OPEC Said to Work on Exit Strategy Alongside Cuts Extension
The cartel and its allies. which together control more than half the world’s oil output.
Read More »Shale Oil and Gas Card in Energy Policy: The Case of U.S-India Relations
The schema of the energy policy in Obama administration was a global scale plan for dealing with challenges of the energy scarcity.
Read More »Iran’s Oil Exports to China up 59%
Saudi Arabia’s exports were 6.68 mb d. the second-lowest for this year.
Read More »Russia Cements Top Spot in Crude Sales to China as Saudis Recede
The Asian nation’s imports of Russian crude jumped 61% to a record 6.35 million metric tons in September from a year earlier.
Read More »OPEC Seeks Help from U.S. Shale
Each of the U.S. producers acting individually can only impact a fraction of a percentage of the world oil market.
Read More »OPEC Doesn’t Control Oil Market
In December 2016 in Vienna. 11 non-OPEC countries. including Azerbaijan. agreed to curtail oil output jointly by 558.000 barrels per day.
Read More »Saudi Oil Minister Upbeat on Oil as He Visits Baghdad
Khalid Al Falih welcomes increasing cooperation between Iraq and kingdom.
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