Saudi Arabia | Egypt Oil & Gas - Part 90
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 sourc...
Saudi S&P Credit Rating Turns Negative
Saudi Arabia, the world’s largest oil exporter, had the outlook on its credit grade cut to negative by Standard & Poor’s while other struggling energy-producing nations had their ratings lowered. The Saudi kingdom...
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, Yanbu Aramco Sinopec Refining Co (Yasref), said. The 400...
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. “It’s too low for everybody,” Khalid A...
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, senior officials said on Monday. “The smooth transition of power to Ki...
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, an adviser to Saudi Arabia’s petroleum minister from 1988 to 2013. The...
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 Tor...
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. The world’s biggest oil exporter will announce...
