Saudi Arabia has gained an unprecedented support of a coalition of oil-producing countries to agree output cuts in 2017. The Kingdom has obtained pledges from
Tag: Saudi Arabia
Market Update: Getting Ready for the OPEC Output Freeze
Saudi Arabia has started informing its customers of the planned cut to their January oil supply to comply with the OPEC oil output freeze agreement.
Saudi Arabia Cuts Its Oil Price for Asia to Fight Off Competition
Saudi Arabia’s oil company Aramco cut the January price for its Arab Light crude for its Asian clients to the lowest level in four months
Market Update: OPEC Readying to Launch an Oil Freeze Deal
Venezuelan President Nicolas Maduro yesterday (16 November) attended an agreement signing ceremony with representatives of two oil companies – Venezuelan Delta Petroleum and India’s ONGC
Saudi Arabia Invites Russia for Talks to Intensify non-OPEC Cooperation
Saudi Arabia’s Energy Minister Khalid al-Falih said yesterday (23 October) that he had invited Russian Energy Minister Alexander Novak to meet their Gulf Arab counterparts
OPEC to Meet Russia: Doubts about the Freeze on Rise
Energy ministers of OPEC members – Saudi Arabia, Iran and Iraq – will be meeting with their Russian counterpart for informal talks next week during
OPEC Reaches an Output Freeze Deal
OPEC agreed on Wednesday (28 September) to freeze its output for the first time since 2008 after Saudi Arabia had changed its mind amidst pressure
2016 Energy Analytics Published
The International Energy Agency (IEA) has recently published the 2016 edition of its Key World Energy Statistics. According to the report, electricity is playing an
Market Update: Oil Output Freeze Looming Over
The OPEC’s Secretary General said yesterday (20 September) that a possible deal aiming to prop up oil prices could last for one year. The cartel
OPEC Forecast: Global Crude Glut to Continue in 2017
OPEC said on Monday (12 September) that global markets would remain oversupplied next year as prices will likely stay low due to the resilience in