Some ME Oil Exporters Could Run Budget Surpluses
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
Saudi Arabia is prepared to extend the production-cut arrangement.
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.
Oil investments are rising again due to the reduction in global oil stocks and an improving global economy
Despite positive signs in the oil market, Saudi Arabia remains committed to further drawing down global oil stocks.
The plans for the initial public offering (IPO) of Saudi Aramco are not linked to market developments.
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement.
Russia maintained its position as the top crude oil exporter to China for the seventh month in a row
Tecnicas Reunidas, Saipem, and Samsung E&C are the primary contenders for a contract from Saudi Aramco for the construction of natural gas facilities in Haradh and Hawiyah.
Two state-owned Chinese oil companies have expressed interest in directly purchasing a share of Saudi Aramco.