Tag Archives: Saudi Arabia

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.

The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.

Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.

China in April imported 3.24 million tons of crude oil from Iran. or 789.137 bpd. up from March’s 541.100 bpd.

Sempra has said it hopes to reach a final investment decision by early 2020.

Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.