Tag Archives: Saudi Aramco

The Kingdom is closely monitoring recent developments in the oil market.

Saudi Aramco has raised the price differentials for all of its five crude oil grades loading in July and bound for Asia.

This is a signal of Aramco’s intent to become a global gas player and develop a broad LNG portfolio.

The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.

Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.

Sempra has said it hopes to reach a final investment decision by early 2020.

Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.

India is Iran’s second largest oil customer after China.

India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.

Pakistan is one of the world’s fastest growing LNG markets and is still looking to secure long-term supply contracts for its second LNG terminal.