Oil Could Drop to $30 Due to Supply Glut
Russia is growing concerned of a scenario that could see crude oil prices drop to as low as $30 a barrel if the OPEC-led output deal is not extended.
Saudi Arabia | Egypt Oil & Gas - Part 28
Aramco Reiterates Interest in Arctic LNG 2 Project
Saudi Aramco remains interested in buying a stake in Russia's Novatek Arctic LNG 2 project, according to the Saudi Energy Minister Khalid Al-Falih.
OPEC Nears Extending Production Cuts
More talks are still needed with non-OPEC producers that were part of the output deal.
Saudi Arabia to Raise Oil Shipments to India
Saudi Arabia may recover part of its previous market share on the Indian market, especially after the US sanctions on Iran.
Aramco Resumes Pipeline Oil Pumping After Drone Attack
Saudi Aramco has resumed oil pumping via its East-West pipeline after being temporarily closed because of drone attacks.
Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.
Saudi Arabia, Nigeria Plan Cooperation in Oil, Gas
Saudi Arabia and Nigeria plan to draft an agreement for an oil and gas partnership.
Saudi Oil Exports Declines in February
Saudi Arabi's oil exports declined by around 432,000 barrels per day (b/d), reaching 8.44 million b/d in February, down from 8.87 million b/d last January.
Aramco to Acquire Shell’s Stake in SASREF
A deal is reportedly in place between the two oil giants who share the ownership of the refining complex.
Electric Vehicles Do Not Threaten Saudi Oil – Al Falih
Saudi Arabia’s initiative of introducing electric cars into the Kingdom will not threaten the oil industry, according to Energy Minister Khalid Al-Falih.
