The MoU aims to generate USD 4 billion in annual productivity improvement.
Read More »Saudi Arabia: We Could Live with $40 Oil in 2020
Saudi Arabia still loses sleep over the price of oil. Not for much longer.
Read More »Aramco Boosts Fuel Trading in Fight for Asia. Africa Sales
Aramco has said the 400.000-bpd Jazan refinery will start next year.
Read More »Brent Oil Price Exceeds $52 bbl
OPEC agreed to slash the output by 1.2 million barrels per day from Jan. 1.
Read More »Russia. Saudi Call for Oil Output Deal Extension
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.
Read More »Saudi Arabia to Help Build West Africa’s Largest Oil Storage Terminal
This small company could be one of the biggest winners of the coming gold boom.
Read More »Russia Boosts Urals Oil Flow to India as OPEC Cuts Production
India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.
Read More »Macron Win. OPEC Cuts Not Enough to Stimulate Oil Markets
An extension of the OPEC agreement will not be enough to raise global oil prices significantly.
Read More »Russia Backs Saudi Proposal to Extend OPEC Oil Cuts Beyond 2017
Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.
Read More »OPEC. Non-OPEC Discuss Extending Supply Cut by Nine Months or More
Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.
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