OPEC agreed to lower production in 2017 and has agreed to maintain output cuts for the whole of 2018.
Read More »Novak and Al-Falih Satisfied with Oil Market Rebalancing
Oman will host the joint ministerial monitoring committee. known as the JMMC. on Sunday.
Read More »Al-Falih Urges Oil Producers to Extend Cooperation Beyond 2018
Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.
Read More »Aramco is Ready for IPO as Listing Venues up in Air
The kingdom will decide where the stock will be traded. not the company.
Read More »US Overtake Saudi Arabia and Russia as Top Oil Producer in 2018
US oil production is set to grow faster than previously expected amid a ".volatile". year in 2018.
Read More »Saudi Arabia Progress Nuclear. Renewable Power
Kingdom’s first large scale nuclear plant to be commissioned in 2027.
Read More »Deal for First EV Pilot Signed in Saudi Arabia
Such a move is part of the company’s strategy to reduce reliance on oil and cut emissions.
Read More »Saudi Aramco Hires Former Shell Executive for Chemicals Business
Saudi Aramco is growing its investments in downstream including chemicals.
Read More »Aramco Seeking US$2b from Japan`s Export Agency
Saudi Arabia is seeking to sell as much as 5 per cent of Aramco.
Read More »American Oil Drillers` Output could Top Saudi Arabia and Russia by 2019
EIA sees America'.s output at 10.3 million barrels a day this year. the highest annual average on record.
Read More »