Tag Archives: Saudi Arabia

The average selling price for Aramco’s crude fell to $66 bbl in the first half from $69 bbl a year earlier.

Reliance Industries Limited (RIL). is to sell 20 percent of the ownership of its refining and petrochemical business to Saudi Aramco for $15 billion.

OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.

The two side also discussed the oil market conditions and the Kingdom’s keenness to maintain its stabilities.

China imported a record amount of crude from Saudi Arabia in June.

The 400MW project will also be the largest project of its kind in the Middle East.

For Russia. the ongoing OPEC+ production cap deal allows it a lot more flexibility that it allows Saudi Arabia.