At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.
Read More »Vienna Is the Ultimate OPEC Smokescreen
Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.
Read More »Aramco Sees Oil Market Balanced as UAE Dismisses Shale Threat
Oil markets are on track to come into balance next year.
Read More »Saudi Aramco. SABIC to Sign MoU on $25 Billion Oil to Chemicals Complex
The two companies had agreed in June 2016 to conduct a feasibility study for the project.
Read More »OPEC. Russia have Showdown over US Shale Drilling Ahead of Meeting
Saudi Arabia and Russia have been the drivers of the production agreement.
Read More »UAE Oil Firm ADNOC may Offer 20 Percent Stake in Fuel Unit
ADNOC is offering a minimum 10 percent stake. or 1.25 billion shares. and a maximum 20 percent stake. or 2.5 billion shares. in the IPO of ADNOC Distribution.
Read More »Human Factor `Key in Industrial Safety`
Saudi Aramco participated as a strategic partner in the event.
Read More »Saudi Aramco Converts Jeddah Refinery to Products Distribution Hub
Saudi Aramco has been building refineries integrated with chemicals to boost their economics by adding high value products to the supply chain.
Read More »Russia and OPEC on Collision Course over Oil Supply Pact
OPEC and Russia are likely to apply a supply curb deal beyond its March 2018 expiry.
Read More »Saudi Aramco Shuts Jeddah Refinery Indefinitely
One source said the facility would be mothballed.
Read More »