OPEC is back in a row mode after an untypical period of agreement. The new squabble is taking place between the cartel’s leader, Saudi Arabia,
Tag: Saudi Arabia
Market Update: OPEC’s Oil Output Freeze Deal Compliance High
OPEC oil production dropped to 13-month low due to falling Venezuelan output, Nigerian outages and strong compliance with the output freeze deal. The cartel is
India’s Oil Game-Changer: Saudi Aramco Setting Foot in India’s Oil Sector with a $44 Bn Project
India and Saudi Arabia are going to build a crude-oil refinery with an intended capacity of 1.2 million barrels a day in the Western Indian state
Saudi Aramco and French Total to Expand World’s Leading Refining Hub
Saudi state-run giant Aramco and French oil company Total are planning to sign a deal next week for the expansion of their joint venture refinery
Market Update: Saudis and Russians Working on a Historic Long-Term Oil Pact
Saudi Arabia and Russia are working on a landmark long-term deal that could extend the limitations on world oil supplies by major exporters for up
Saudis Scale Back on Public Listing of Giant Aramco
Saudi Arabia is taming its ambitions for a public offering for its oil company Aramco. The country has decided to move ahead with a listing
Market Update: Saudis Remain Committed to Oil Output Cut Deal
Saudi Arabia is committed to sticking with the petroleum output freeze for the remainder of this year even if it means to “overbalance the market
Market Update: OPEC’s Global Oil Production Cuts Extended till End 2018
OPEC and non-OPEC oil producing countries agreed last week (30 November) to prolong the oil production cuts until the end of next year as they
Oil Market Update: Saudi Arabia and Allies Ready to Extend Supply Cuts
Saudi Arabian Crown Prince Mohammed bin Salman announced that his country would limit the current oil production beyond a deal among both OPEC and non-OPEC
OPEC Head Urges All Producers to Join Production Cuts
OPEC’s Secretary General Mohammed Barkindo urged US shale oil companies to help curb global oil supply warning that the market might need to be rebalanced