Saudi Arabia | Egypt Oil & Gas - Part 83

Oil Prices Responsible for Cancelled Gulf Projects, Layoffs

Projects worth around $200 billion (Dh734.47 billion) were cancelled globally in the last three months due to falling oil prices

Saudi Oil Minister in Talks with Algeria, Russia

Saudi Arabian Oil Minister Ali Al Naimi discussed Opec and the oil market with officials from Russia and Algeria, Saudi state news agency SPA reported.

Slight Decline Expected in Saudi 2015 LPG Exports

Saudi Arabia’s LPG exports for 2015 are expected to be steady to slightly lower than last year, as rising demand from domestic petrochemical plants is countered by increasing production from oilfield upgrades, a sour ...

Saudi S&P Credit Rating Turns Negative

The Saudi kingdom could lose its AA- credit ranking, the fourth-highest debt grade, in two years if its “liquid assets” decline or its fiscal position weaken, S&P said in a statement Monday.

Aramco and Sinopec Refinery Loading Second Cargo

A new joint-venture refinery in Saudi Arabia will load its second diesel cargo and started gasoline production earlier this week, a source close to the company

Aramco: Oil Price ‘Too Low’

World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said on Tuesday, stressing it was for the market not OPEC producers to shore them up.

Saudi: Moving from Oil to Innovation, Service Sector

Saudi Arabia’s new leadership will push forward efforts to diversify the growing but oil-dependent economy, while easing procedures for investors

Saudi: Falling Demand for Oil is Chief Concern

The world’s largest exporter has chosen not to cut production, counting instead on lower prices to stimulate consumption, said Mohammad Al Sabban

Saudi and Venezuela Work Together to Recover Falling Oil Prices

Venezuela and Saudi Arabia are coordinating joint action to recover oil prices, which fell 50% last year, and stabilise global oil markets, Venezuelan Minister of Economy and Finance and Public Banks Rodolfo Marco To ...

Saudis Seen Giving Asia Smaller Oil Discounts on Signs of Demand

Saudi Arabia will probably offer smaller discounts to ship crude to Asia amid speculation demand will increase after benchmark prices dropped almost 50 percent last year.

Page 83 of 85

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