Saudi Arabia May Slash October Crude Prices for Asia
Due to weak demand in the region and rising arbitrage shipments, the world's top oil exporter Saudi Arabia may lower October prices for the majority of crude grades it delivers to Asia.
Saudi Arabia | Egypt Oil & Gas - Part 6
Saudi Arabia’s Kingdom Holding Pumps Investments into Russian Energy Giants
Saudi Arabia's Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil, Reuters reported.
OPEC+ Approves Modest Rise in Oil Output
At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.
Saudi FM: OPEC+ Will Do What is Necessary After Assessing Market Conditions
OPEC+ will continue to assess market conditions and do what is necessary as a result of a US-Arab summit on Saturday, according to Saudi Arabia's foreign minister, Reuters reported.
Egypt, Saudi Arabia Sign 14 agreements worth 7.7 B
The General Authority for Investment and Free Zones (GAFI) witnessed the signing of 14 agreements in a number of investment fields between a group of government and private agencies in the Arab Republic of Egypt a ...
Saudi Arabia’s Bumps Up July Crude Prices Taking Asian Buyers by Surprise
Saudi Arabia, the world's largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer.
Rawabi Works to Secure $500M in Funding Before Potential IPO
An initial public offering (IPO), which could value the Saudi company at about $1 billion by the end of this year, is being considered by Rawabi Energy Co., part of Rawabi Holding Co.Rawabi is looking to raise as ...
China’s Crude Oil Imports From Saudi Arabia Drop by 13% in March
China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%.
NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia
The National Energy ServicesReunited Corp (NESR) has announced that it has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arab ...
Baker Hughes, Dussur Ink Agreement to Develop Industrial Chemicals in Saudi Arabia
Baker Hughes and Dussur which is owned by Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and SABIC (Saudi Basic Industries Corporation) have signed an agreement to establish a joint venture (JV) working ...
