Tag Archives: Saudi Arabia

The OPEC remains positive on the overall oil demand.

The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.

The JV will own and operate gasification assets. power block and other facilities at Jazan Economic City in the kingdom.

In the short term. supply is not seriously impacted. given that Saudi Arabia. Russia ramped up their oil production.

Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.

As the row deepens. oil was bound to become the center of attention. albeit briefly.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Eastern Canadian refineries import about 75.000 to 80.000 barrels per day of Saudi Arabian crude.

Cancellation of Aramco IPO may lead to international investors questioning Saudi Arabia'.s commitment to reforms.

Saudi Aramco has devoted years of intensive investment to co-developing fuels and engine research.