Tag Archives: Saudi Arabia

U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.

Aramco’s huge oil reserves with SABIC doesn’t automatically create much value.

Oil producer has alternative channels to transport crude to its customers in Europe.

Saudi Arabia pausing oil shipments through the Red Sea caused oil futures remain high.

Most exports from the Gulf that transit the Suez Canal and the SUMED Pipeline also pass through Bab al-Mandeb strait.

One of the VLCCs sustained minimal damage.

Aramco pumps around 10 million bpd of crude oil.

Aramco’s initial thinking is to buy the full stake owned by the Public Investment Fund (PIF).

Saudi Arabia and large producers are ramping up output to offset losses that are likely to come as the November deadline approaches.

Economy to grow 1.9% in 2018. boosted by economic reforms and oil output increases.