Saudi Arabia | Egypt Oil & Gas - Part 52
Iranian Crude Exports to S Korea Rise 40.2%
South Korea’s crude imports from Iran and Saudi Arabia rose in August, Reuters reports. The country imported 1.55 million tons of crude from Iran in August 2017, a 40.2% year-on-year (y-o-y) increase from the 1.1 mill...
Saudi Aramco: IPO on Track
Saudi Aramco confirmed that its initial public offering (IPO) remains on track for next year, Reuters reports. Last week, Bloomberg reported that Saudi Arabia was preparing contingency plans in case the IPO was delaye...
Bloomberg Sources: Saudi Arabia is Preparing for a Possible IPO Delay
Saudi Arabia is developing back-up plans in case the initial public offering (IPO) of Saudi Aramco is pushed back until 2019, industry sources told Bloomberg. Last week the government assured investors that its reform...
Saudi Arabia Increases Crude Reserves in Japan
Saudi Aramco is increasing its crude oil reserves in Japan by 1.9 million barrels, Reuters reports. With the 1.9 million barrels, Saudi Aramco’s reserves in Japan will rise to 8.18 million barrels, according to Platts...
OPEC Production Falls in August
OPEC production fell in August as Saudi Arabia cut back its production, Bloomberg reports. This decrease marks the first decline in production for the oil cartel since March, according to CNBC. Excluding Nigeria and L...
Saudi Arabia to Up Crude Exports to Asia in October
With refining operations disrupted in the US, Saudi Arabia will increase exports to Asian markets in October, sources told Reuters. In September, Saudi Arabia slashed exports to the region, but, according to the sourc...
Saudi Arabia, UAE Signal Willingness to Extend Production Cuts
The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers, Reuters reports. The d...
Saudi Arabia to Reduce Crude Oil Cuts to 350,000 b/d for October
Saudi Arabia will cut its exports of crude oil by 350,000 barrels per day (b/d) during the month of October, an industry source told Reuters. This cut, if it goes into effect, would be in line with industry expectatio... 
