Tag Archives: Saudi Arabia

Shares of Saudi Arabian Oil Co. hit their highest level since listing, at SAR 42.25 today, Feb. 24. The stock is trading at an increase of over 3%, with nearly 18 million shares traded so far. Brent crude jumped above $100 a barrel on Thursday’s trading session for the first …

Saudi Arabia’s Crown Prince Mohammad bin Salman said 4 per cent of oil giant Saudi Aramco’s shares have been transferred to country’s sovereign wealth fund, known as the Public Investment Fund, to support restructuring the economy. The move is also part of PIF’s plan to raise its assets under management …

Saudi Arabia raised oil prices for its main market of Asia after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased pricing for all grades for Asian customers in March, according to several people with knowledge of the matter. The company raised its key Arab Light oil …

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the world’s top oil exporter targets to develop more stand-alone natural gas fields, the U.S. Energy Information Administration (EIA) said on Tuesday. Being …

South Korean President Moon Jae-in and Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman held a meeting in Riyadh Tuesday to bolster ties between the two countries beyond construction and infrastructure into more future-oriented fields such as hydrogen. During the talks, the two leaders agreed to build a …

Saudi Arabia stressed that oil stability is paramount and said its alliance with the super group of producers has taken measures to ensure energy security. “We believe OPEC+ have done a lot in bringing about stability,” Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday at the Abu Dhabi …

Saudi Arabia’s energy minister said he was unconcerned about oil’s more-than-10% rise this year, even as traders increasingly raise the prospect of prices reaching $100 a barrel. “I’ve always been comfortable,” Abdulaziz bin Salman said to reporters in Dubai on Monday, where he’s attending at Expo event. Brent crude’s climbed …

Saudi exports surged in October on the back of higher oil prices, which hit a 2021 peak during that month. Saudi Arabia exported goods and commodities worth a total $28 billion in October, according to the Kingdom’s General Authority for Statistics, as cited by Bloomberg. Crude oil accounted for 77.6 …

Saudi Arabia’s King Salman said the OPEC+ production agreement was “essential” for oil market stability and urged all participating countries to comply with the pact. Oil market stability and balance are pillars of Saudi energy policy as crude supports the growth of the global economy, King Salman said in an …

Saudi Arabia’s exports soared in October as the world’s biggest oil exporter benefited from higher crude prices. The value of exports jumped to 106.2 billion riyals ($28 billion) from 55.9 billion riyals a year ago, according to the kingdom’s General Authority for Statistics. The share of oil in total exports …