Tag Archives: Saudi Arabia

Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed on Sunday to cooperate in sharing technology to aid in the decarbonization and economic diversification of the Middle Eastern nation, while ensuring Japan’s ongoing access to its oil. The two agreed to launch a “strategic dialogue” at …

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Brent crude futures rose 23c, or 0.3%, to $77.92 a barrel by 1.53am GMT, and …

At least four buyers of Saudi crude oil from Asia and Europe have changed their plans for future orders after the kingdom announced its latest price hike, Bloomberg has reported, citing unnamed sources. Earlier this week, Saudi Arabia said it would increase the Dubai/Oman premium of its flagship Arab Light …

Saudi Arabia and Russia announced Monday that they would make additional cuts to oil supply as a global economic slowdown hangs over the outlook for energy demand. Saudi Arabia — the world’s biggest exporter of crude oil — said it would extend a cut of 1 million barrels a day …

Asia’s oil refiners, responsible for meeting about a third of the world’s fuel consumption, are getting ready to go elsewhere for crude should Saudi Arabia and Russia’s latest pledged output cuts deprive them of barrels. The two producer countries said on Monday that they will prolong and deepen output cuts …

The amount of oil being stored at sea globally climbed to the highest in more than two-and-a-half years, aided by an unusual stash of Saudi Arabian barrels in the Red Sea. About 129 million barrels of crude were sat stationary on oil tankers in the week to June 23, according …

Economic partnership between China and Saudi Arabia is reaping more fruits, as the two nations extend their cooperation beyond oil as the closer bilateral relations are set to unleash more trade potential, with a focus on new-energy vehicle (NEV) manufacturing. On June 11, Saudi Arabia signed a $5.6 billion deal …

OPEC+ is fighting against “uncertainties and sentiments” in the market that is behaving against the fundamentals and forcing oil producers to take precautions, Saudi Arabia’s Energy Minister has said. “I think the physical market is telling us something and the futures market is telling us something else,” Prince Abdulaziz bin …

The United States should not tell Saudi Arabia how to manage its crude oil production, Kremlin spokesman Dmitry Peskov said on Friday. “Saudi Arabia is a sovereign state, a responsible state, and a very important player in the international energy markets. Of course, this sovereign state is capable of making …

The first day of the 10th Arab-China Business Conference in Saudi Arabia ended with the signing of 30 investment agreements worth 37.5 billion Saudi riyals ($9.9 billion). The parties signed agreements in the field of technology, renewable energy, agriculture, real estate, minerals, logistics, tourism and healthcare, the state-run Saudi Press …