Saudi Arabia | Egypt Oil & Gas - Part 63
Saudi Aramco to Ink a Deal with SABIC
National oil giant Saudi Aramco expects soon to sign a Memorandum of Understanding (MoU) with Saudi Basic Industries for a joint oil-to-chemicals project. Saudi Aramco Raising Oil Output Ahead IPO
Saudi Aramco is raising output levels to capture more customers as it pushes ahead with Initial Public Offerings (IPOs). According to the CEO, the proposals for the partial privatization will be presented "soon" to t ...
Saudi Arabia Replaces Oil Minister
Saudi Arabia announced the ouster of its powerful oil minister, Ali Al-Naimi, marking the departure of a long key industry player. Saudi Arabia Hikes Asian Oil Prices
Saudi Arabia raised its pricing for June oil sales to Asia by the most since April 2015, a sign that the world’s biggest crude exporter expects demand to recover.
IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible
The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to "pump as much oil as possible."
Iran Willing to Help Stabilize Oil Market
Iran's Minister of Petroleum Bijan Zangeneh says his country will support any initiative to stabilize the oil market after recent talks in Qatar failed to freeze production.
Oil Output Freeze Deal Falls Apart
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on April 17th after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting
Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze.
