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Russia has been pushing for a timely exit from the cuts to make sure the market doesn’t overheat.
Read More »Russia Backs Gradual. Managed Exit from Oil Cuts with OPEC
Putin’s Mr. OPEC Becomes an Oil Market Player
Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.
Read More »Saudi Aramco has supplied 1 million barrels of crude to Egyptian refineries
Saudi Aramco. the world’s largest oil producer. has supplied 1 million barrels of crude oil to Egyptian refineries. Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday.
Read More »Saudi Arabia Plans to Hike Petrol Prices by 80%
The world’s largest oil exporter has taken several austerity measures over the past two years to eliminate the impact of low oil prices.
Read More »Saudi Arabia Raises Official Prices for All Crude to Asia in January
This is the highest premium for the flagship Saudi grade since September 2014.
Read More »OPEC Deal could Produce a Goldilocks Scenario for Saudi Aramci IPO
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.
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