Tag Archives: Saudi Arabia

China and the U.S. would lead healthy global demand for oil this year.

Production in U.S. hit a record of more than 12 million bpd in February.

India has already built 5.33 million tons of underground reserves in three locations.

US oil production has more than doubled over the past decade.

Saudi Aramco’s gas development programme is expected to attract as much as $150 billion in investment over the next decade.

Saudi Aramco is expected to issue its initial public offering (IPO) within two years.

Both countries agreed to continue coordinating steps on the global oil market in the OPEC+ format.

Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.

Passenger vehicles represent 20 percent of the world’s oil demand.

The company is looking at an around 30%-40% downstream integration in its refineries from 11% in recent years.