Tag Archives: Saudi Arabia

Despite production cuts. kingdom holds onto 40% slice by discounting light grade.

The move is a sign that the market in the region is tightening.

KSL’s Shaheen II supercomputer is a Cray system composed of 6.174 nodes representing 197.568 processor cores tightly integrated with a richly layered memory hierarchy and interconnection network.

The new center is set to cover 5.000 square meters and will include a multi-purpose hall to hold conferences. seminars and workshops.

Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.

The company is following closely emerging security needs in the Gulf area. including in the oil and gas industry.

Ministers from countries including Kuwait. Venezuela. Algeria. Saudi Arabia. Russia and Oman will discuss production caps on Nigeria and Libya.

Nigeria and Libya have been exempt from quotas under the Vienna deal between OPEC and 10 other major oil producers on limiting oil production agreed in November 2016.

Shinzo Abe backs away from huge listing. but adviser flags '.cooperation in new industries'..

Saudi Arabia and its OPEC and non-OPEC allies are keen to demonstrate to a skeptical market that output cuts are finally drawing down bloated stocks.