Tag Archives: Saudi Arabia

Total oil production in the United States will be nearly equal to that of Russia and Saudi Arabia combined by 2025.

The 1.2-million-bpd cut is basically the currently expected production growth in the United States for next year.

South Korea imported 8.8 million barrels of light sweet WTI Midland and Eagle Ford crude and condensate in October.

The U.S.-China trade war would not have an impact on Saudi Arabia’s relationship with China.

The focus of the new venture will be on opportunities with significant potential for local value creation.

Saudi total exports are set to drop to around 7mn bpd in January.

The JV will help increase the cybersecurity protections available to the Saudi oil major besides its suppliers.

Saudi Arabia shouldered most of the production cuts on the OPEC side.

OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.