Saudi Arabia | Egypt Oil & Gas - Part 50
Crown Prince: Saudi Arabia Prepared for Production-Cut Extension
Saudi Arabia is prepared to extend the production-cut arrangement, Crown Prince Mohamed bin Salman stated, according to Reuters. “The Kingdom affirms its readiness to extend the production cut agreement, which proved ...
Iraqi Crude Exports to US Outstrip Saudi Arabia’s
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September, Bloomberg reports. The trend has continued in October with Iraq having exported close to 3.2 million more ba...
Saudi Minister: Oil Investments Returning
Oil investments are rising again due to the reduction in global oil stocks and an improving global economy, the Saudi Energy Minister, Khalid El Falih, told Reuters. The production-cut agreement between OPEC and a num...
Saudi Arabia Remains Committed to Cuts
Despite positive signs in the oil market, Saudi Arabia remains committed to further drawing down global oil stocks, the Saudi Arabian Energy Minister, Khalid El Falih, said Tuesday, according to Reuters. Noting that S...
CEO: Saudi Aramco IPO Not Linked to Market Conditions
The plans for the initial public offering (IPO) of Saudi Aramco are not linked to market developments, the company’s CEO, Amin Nasser, told Al Arabiya, Reuters reports. “The public offering has never been linked to de...
Russia, Saudi Arabia to Discuss Markets, Production-Cut Deal
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement, the Russian Energy Minister, Alexander Novak, said, according to Reuters. “This does...
Russia Beats Out OPEC Competitors in Chinese Market – Again
Russia maintained its position as the top crude oil exporter to China for the seventh month in a row, Reuters reports. Angola and Saudi Arabia maintained their positions as China’s second and third largest suppliers, ...
Tecnicas Reunidas Submits Lowest Bid for Saudi Project
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, Reuters reports. The companies submitted...
