Tag Archives: Saudi Arabia

Saudi Aramco operates a pipeline with a capacity of 5 million barrels a day .

High oil prices have been a pervasive concern for India.

South Korean carmaker Hyundai Motor will partner Aramco on the ``comprehensive`` development of hydrogen energy.

Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July. according to the country’s energy minister.

Falih hopes oil producers will be able to balance the oil market before next year.

A prominent Saudi expert said that the Emirati intelligence agency targets oil tankers in the Persian Gulf and the Sea of Oman in a move to inflame war against Iran.

Aramco is a linchpin in the plan to overhaul the Saudi economy by developing new industries and bringing in foreign investors to fuel growth.

Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.

OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June.

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.