Saudi Arabia and Russia. the two largest producers in the OPEC coalition. voiced concerns that falling oil demand could send prices below $40 bbl as they met in Moscow.
Read More »Oil Industry Banks On Shaky Plastic Bet
Even as oil demand is beginning to weaken this year due to a brewing economic slowdown. the oil industry faces a longer-term threat to oil demand as bans on plastic begin to multiply.
Read More »Growing Producer Consensus to Stabilize Market
The Kingdom is closely monitoring recent developments in the oil market.
Read More »Aramco Raises all July Asia-Bound Crude OSPs by 30-60 cents b from June
Saudi Aramco has raised the price differentials for all of its five crude oil grades loading in July and bound for Asia.
Read More »World’s Largest Oil Exporter Investment in US Shale Gas
This is a signal of Aramco’s intent to become a global gas player and develop a broad LNG portfolio.
Read More »Saudi Arabia Backs out of Major Russian LNG Project
The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.
Read More »Chinese Crude Imports from Saudi Arabia Rose 43% in April
Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.
Read More »Saudi Aramco`s Ambition to Become a Leading Player in LNG Market
Sempra has said it hopes to reach a final investment decision by early 2020.
Read More »Aramco Enters U.S. Shale Gas Business with Sempra LNG Deal
Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.
Read More »Saudi Arabia will Boost India Crude Shipment amid Iran Crisis
India is Iran’s second largest oil customer after China.
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