Tag Archives: Saudi Arabia

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.

A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.

The Kingdom is closely monitoring recent developments in the oil market.

Saudi Aramco has raised the price differentials for all of its five crude oil grades loading in July and bound for Asia.

Increasing trade friction and potential barriers would certainly have a negative impact on the global economy and oil demand growth.

This is a signal of Aramco’s intent to become a global gas player and develop a broad LNG portfolio.