US Sends First Crude Shipment to Saudi After Hiatus
Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June since the end of banning crude exports in 2015.
Saudi Arabia | Egypt Oil & Gas - Part 15
Saudi Mining Sector Increases 3.1% During Q1 2020
Saudi Mining Sector has achieved growth 3.1% during the Q1 of the current year despite the exceptional circumstances of Coronavirus pandemic.
OPEC+ Set to Loosen Record Cuts in August
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are set to ease the record 9.7-million barrels per day (mmbbl/d) production cuts as of August as demand has seen a continual rise, Saudi ...
Saudi, Iraq Confirm Commitment to OPEC+ agreement
Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal.
Production Restarts at Wafra Oilfield
Crude oil production resumed on July 1 at the Wafra oilfield, which is a joint venture between Kuwait and Saudi Arabia.
India’s Oil Imports Drop 31%, Hitting Lowest Levels since 2011Â
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011.
Kuwait, Saudi Arabia Set to Resume Production at the Neutral Zone
Kuwait and Saudi Arabia have plans in place to resume oil production at the Neutral Zone at jointly-operated Khafji and Wafra oilfields on July 1.
APICORP Expects $792 B MEANA Energy Investments in Coming Five Years
Arab Petroleum Investment Corporation (APICORP) have pledged $792 billion for planned energy investments for the time period 2020-2024.
Saudi, Russia Agree to Extend Oil Cuts
Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.
Kuwait, Saudi Arabia Suspend Joint Field Production in June
Kuwait and Saudi Arabia will suspend oil production from their joint Khafji oil field and shut down affiliated facilities for one month starting from June 1.
