Tag Archives: Saudi Arabia

Senior OPEC ministers opposed a new US bill aimed at regulating production, saying such measures would lead to more chaos in energy markets. UAE Energy Minister Suhail Al Mazroui told CNBC that OPEC is being unfairly attacked over the energy crisis and that actions by US lawmakers to disrupt an …

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed this weekend their countries’ cooperation in the OPEC+ oil production pact in their second telephone call since Russia’s invasion of Ukraine. Russia is a key partner to OPEC’s largest producer and de facto leader, Saudi Arabia, in the …

At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in …

An expert on energy said that all the three countries of Kuwait, Saudi Arabia and Iran can exploit the Arash joint gas field but due to the possible problems, they must trilaterally determine the borders. As regards Saudi Arabia and Kuwait’s joint program on the Arash joint gas field, Ali …

At least two Indian refiners plan to buy less Saudi oil than usual in May, after the kingdom raised the official selling price (OSP) to record highs for Asia, two sources said on Wednesday, as India increases purchases of cheap Russian crude. India, the world’s third biggest oil importer and …

Asian oil buyers will likely purchase more U.S. and Middle Eastern crude on the spot market and may take less contracted supplies from Saudi Arabia after the kingdom hiked its prices to a record. Omani crude was selling for $4 to $4.50 a barrel above its benchmark price on the …

Hyundai Motor Group said on Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King Abdullah University of Science and Technology (KAUST) plan to develop an advanced fuel for ultra-lean burn, spark-ignition engines to …

Iran is ready to hold talks with Saudi Arabia and Kuwait on the joint development of the Arash gas field (called Durra in Saudi Arabia and Kuwait), Spokesman of the Ministry of Foreign Affairs of Iran, Saeed Khatibzadeh said, Trend reports citing the ministry. According to Khatibzadeh, as Iran has …

Saudi Arabia raised oil prices for all regions after crude surged following Russia’s military offensive in Ukraine to more than $115 a barrel. State-controlled Saudi Aramco increased its Arab Light crude price for next month’s shipments to Asia to $4.95 a barrel above the benchmark it uses. That is an …

Saudi Arabian Oil Co. discovered a number of natural gas fields in the Central Region, the Empty Quarter desert, in addition to the Northern and Eastern borders, Saudi Press Agency (SPA) reported, citing Minister of Energy Prince Abdulaziz bin Salman.