Tag Archives: Saudi Arabia

Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.

Aramco’s net cash flow from operations increased by 21 percent to US$29 billion in 2016.

Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company.

A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.

The development builds on discussions during a climate summit in Paris last year.

The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.

The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.

Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.

The statement said the kingdom will coordinate with other producers.

The terms of the agreement reached last month were ambiguous.