Saudi Arabia | Egypt Oil & Gas - Part 68
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.” Ahead of ...
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, according to Press TV. Zangeneh told ...
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, Reuters re...
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, Business Insider informed. West Texas Intermediate crude...
Riyadh, Cairo to Create Joint Investment Fund of $16b
Riyadh and Cairo inked a memorandum of understanding (MoU) for the establishment of a joint investment fund, with a capital of $16b, to be created between Saudi Public Investment Fund and its entities, and the Egyptia...
Riyadh Likely to Boost First Sovereign Loan to $10b
Saudi Arabia has seen substantial demand for its first foreign borrowing in more than a decade, and looks likely to increase the size of the loan, banking sources told Reuters. Demand for Saudi Arabia’s first sovereig...
Saudi Fund May Raise $106b From Aramco Stake Sale
Saudi Arabia’s sovereign wealth fund could receive $106b in cash from the sale to the public of a 5% stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute, Bloomberg informed. “I...
Saudi Arabia, India Seek Boosting Energy Cooperation
Saudi Arabia and India have vowed to substantially boost investments and their trade ties as Prime Minister Narendra Modi invited cash-rich Saudi firms to invest in infrastructure and form joint ventures for oil explo...
