Tag Archives: Saudi Arabia

Qatar is suffering from the repercussions of Saudi’s sales strategy.

Saudi Aramco is looking at additional investments in China.

State oil companies like Saudi Aramco are expanding their crude sales and refining capacity to better compete in a market flush with supply.

Aramco already controls a large refinery in Texas. after it bought over partner Shell’s stakes in Motiva in March 2016.

Saudi Arabia and Iraq are OPEC’s two biggest producers.

The comments from al-Falih were quickly met with pushback from the IEA’s top officials.

In global politics. as in business. there are no ``friends`` and there is no ``bromance.

Falih said OPEC and its non-OPEC allies would exit from oil production cuts very gradually and smoothly.

The IPO is the brainchild of Crown Prince Mohammed Bin Salman as the cornerstone of his Vision 2030 program to reform the country’s oil-dependent economy.

The IMF’s outlook revision comes as Saudi Arabia and Russia discuss their exit strategy for the oil production cut.