Saudi Crude Exports Rise MoM
Saudi Arabia’s crude exports and total products have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August.
Saudi Arabia | Egypt Oil & Gas - Part 14
OPEC+ Warns of “Precarious” Oil Market
The Organization of Petroleum Exporting Countries and its allies (OPEC+) has warned that the state of the oil market is in a “precarious” position and has hinted towards a change of tack in regards to oil cuts.
Aramco Announces Lower Gasoline Prices for October
Saudi Aramco, the world’s largest oil company, has announced new petroleum prices starting 11 October.
Saudi Oil Production Remains Steady in September
Saudi Arabia, the world’s largest oil producer, has reduced its crude oil production by 104,000 barrels of oil per day (bbl/d) when compared with August’s figures.
Saudi Firms to Create $11 B Petrochemicals Business
Saudi Industrial Investment Group and National Petrochemical Company have initiated talks to merge the two companies, resulting in an $11 billion petrochemical enterprise.
Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts
The International Energy Agency's (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi Ar ...
Aramco Discovers New Oil, Gas Fields
The world’s largest oil company, Saudi Aramco, has discovered two new oil and gas fields in the north of Saudi near Arar.
Aramco Establishes Integrated Corporate Development Organization
The world’s largest oil company, Saudi Aramco, has announced the establishment of an integrated Corporate Development organization in an effort to optimize the company’s portfolio.
Saudi Aramco’s Profit Declines 73% in Q2
The major Saudi oil company, Aramco reported that its profit declined by 73% to 24.6 billion riyals in the second quarter of 2020 compared to 92.6 billion during the same period of the previous year , because of ...
Six Arab Countries Reassert Compliance to OPEC+ Deal
The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.
