Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.
Read More »Saudis Offer Extra Oil in Asia as OPEC Leader Pumps More
Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.
Read More »Venezuela’s Oil Crisis
China has decided to invest &.25 million to help slow the decline underway in Venezuela.
Read More »U.S. Asks Saudi Arabia to Keep Oil Market Well Supplied
The U.S. is confident that it would be able to sanction Iran without market disruptions.
Read More »OPEC is Doing Best to Supply Market
It’s unfair to say that OPEC is not doing its part.
Read More »How Saudi Arabia Sets Its Oil Prices
Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.
Read More »Aramco More Flexible To Oil Price Slump
Aramco’s net cash flow from operations increased by 21 percent to US$29 billion in 2016.
Read More »Aramco IPO Preparations Delay
Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company.
Read More »Saudi Aramco IPO may Not Happen
A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.
Read More »Gulf Sovereign Wealth Funds Commit to Climate Pledge
The development builds on discussions during a climate summit in Paris last year.
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